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Donn

Donn

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2021-01-31

CROOKS!

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2021-01-23

Good read

6 Dividend Funds for Long-Term Investors<blockquote>6只适合长期投资者的股息基金</blockquote>

2021-01-24

Waiting for the dip?

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2021-01-23

Hmm

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2021-05-29

$MARIJUANA CO OF AMER INC(MCOA)$Any idea why can’t I buy MCOA shares? I tried buying and they said I can only close..

2021-02-02

Wow

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2021-02-01

Let’s go!!

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2021-01-30

Crooks

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2021-01-29

Time to buy?

Apple Smashes Q1 Earnings Forecast on Surging China Sales<blockquote>苹果因中国销量激增而打破第一季度盈利预期</blockquote>

2021-01-28

High risk. Must be strong to hold haha

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go!!","listText":"Let’s go!!","text":"Let’s go!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/312649831","repostId":"1195425718","repostType":4,"isVote":1,"tweetType":1,"viewCount":4030,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312161918,"gmtCreate":1612068028834,"gmtModify":1703757610134,"author":{"id":"3570617809207113","authorId":"3570617809207113","name":"Donn","avatar":"https://static.tigerbbs.com/ba1b57c564d3f11854c26a2bf9847d97","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570617809207113","idStr":"3570617809207113"},"themes":[],"title":"","htmlText":"CROOKS!","listText":"CROOKS!","text":"CROOKS!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/312161918","repostId":"1137182252","repostType":4,"isVote":1,"tweetType":1,"viewCount":3800,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312041459,"gmtCreate":1611979739871,"gmtModify":1703757263830,"author":{"id":"3570617809207113","authorId":"3570617809207113","name":"Donn","avatar":"https://static.tigerbbs.com/ba1b57c564d3f11854c26a2bf9847d97","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570617809207113","idStr":"3570617809207113"},"themes":[],"title":"","htmlText":"Crooks","listText":"Crooks","text":"Crooks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/312041459","repostId":"1137182252","repostType":4,"isVote":1,"tweetType":1,"viewCount":2408,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":318423488,"gmtCreate":1611885464544,"gmtModify":1703755634032,"author":{"id":"3570617809207113","authorId":"3570617809207113","name":"Donn","avatar":"https://static.tigerbbs.com/ba1b57c564d3f11854c26a2bf9847d97","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570617809207113","idStr":"3570617809207113"},"themes":[],"title":"","htmlText":"Time to buy?","listText":"Time to buy?","text":"Time to buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/318423488","repostId":"1181346723","repostType":4,"repost":{"id":"1181346723","kind":"news","pubTimestamp":1611820093,"share":"https://www.laohunote.com/m/news/1181346723?lang=zh_CN&edition=full","pubTime":"2021-01-28 15:48","market":"sg","language":"en","title":"Apple Smashes Q1 Earnings Forecast on Surging China Sales<blockquote>苹果因中国销量激增而打破第一季度盈利预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1181346723","media":"The street","summary":"Apple saw a 57% surge in China sales over the December quarter, helping drive a record top line and much stronger-than-expected first quarter earnings.Apple Inc.  -Get Report posted stronger-than-expected first quarter earnings Wednesday, and its first print of revenues over $100 million, thanks in part to surging China sales and demand for its new iPhone 12.Greater China revenues surged 57% to $21.3 billion, Apple said, helping iPhone revenues rise 17% to an all-time high of $65.5 billion, than","content":"<p>Apple saw a 57% surge in China sales over the December quarter, helping drive a record top line and much stronger-than-expected first quarter earnings.</p><p><blockquote>苹果 12 月份季度在华销售额激增 57%，帮助推动创纪录的营收和远超预期的第一季度盈利。</blockquote></p><p>Apple Inc.&nbsp;(<b>AAPL</b>) -Get Report&nbsp;posted stronger-than-expected first quarter earnings Wednesday, and its first print of revenues over $100 million, thanks in part to surging China sales and demand for its new iPhone 12.</p><p><blockquote>苹果公司（<b>苹果</b>) -Get Report 周三公布的第一季度收益强于预期，收入首次超过 1 亿美元，部分原因是中国销量激增以及对新款 iPhone 12 的需求。</blockquote></p><p>Apple said profits for the three months ending in December, the tech giant's fiscal first quarter, were pegged at $1.68 per share, up 34.4% from the same period last year and well ahead of the Street consensus forecast of $1.41. Group revenues, Apple said, rose 21% from last year to a record $111.44 billion, again topping analysts' estimates of a $103.3 billion tally.</p><p><blockquote>苹果表示，这家科技巨头截至 12 月第一财季的三个月利润为每股 1.68 美元，比去年同期增长 34.4%，远高于华尔街普遍预测的 1.41 美元。苹果表示，集团收入较去年增长 21%，达到创纪录的 1114.4 亿美元，再次超过分析师预期的 1033 亿美元。</blockquote></p><p>Greater China revenues surged 57% to $21.3 billion, Apple said, helping iPhone revenues rise 17% to an all-time high of $65.5 billion, thanks in part to the launch of its new iPhone 12 suite of smartphones late last year amid COVID-related disruptions to its global brick-and-mortar network of stores. Services revenue rose 24.2% to $15.8 billion, Apple said, with more than 620 million subscribers across all of its platforms.</p><p><blockquote>苹果表示，大中华区收入激增 57%，达到 213 亿美元，帮助 iPhone 收入增长 17%，达到 655 亿美元的历史新高，部分原因是去年年底推出了新款 iPhone 12 智能手机套件。新冠疫情对其全球实体店网络造成了干扰。苹果表示，服务收入增长 24.2%，达到 158 亿美元，其所有平台的订阅用户超过 6.2 亿。</blockquote></p><p>Looking into the three months ending in March, Apple said its sees revenue growing on an year-on-year basis, but declined to provide detailed guidance for either sales or bottom line earnings. Gross margins, Apple said, will likely be flat on a quarter-to-quarter basis.</p><p><blockquote>展望截至 3 月份的三个月，苹果表示，预计收入将同比增长，但拒绝提供销售或利润的详细指导。苹果表示，毛利率可能会环比持平。</blockquote></p><p>“This quarter for Apple wouldn’t have been possible without the tireless and innovative work of every Apple team member worldwide,” said CEO Tim Cook. “We’re gratified by the enthusiastic customer response to the unmatched line of cutting-edge products that we delivered across a historic holiday season.\"</p><p><blockquote>“首席执行官蒂姆-库克（Tim Cook）说：”如果没有苹果全球每一位团队成员的不懈努力和创新工作，苹果的这个季度是不可能实现的。“我们对客户对我们在历史性的节日期间提供的无与伦比的尖端产品的热情反应感到满意”。</blockquote></p><p>Apple shares were marked 2% lower in after hours trading immediately following the earnings release to indicate a Thursday opening bell price of $139.30 each, a move that would trim the stock's six-month gain to around 49%.</p><p><blockquote>财报发布后，苹果股价在盘后交易中下跌 2%，周四开盘价为每股 139.30 美元，此举将使该股六个月的涨幅缩减至 49% 左右。</blockquote></p><p>Mac sales, Apple said, rose 21.2% to $8.68 billion, while sales from its wearables, home and accessories division jumped 30% to $13 billion, \"driven by holiday demand for the latest Apple watch,\" Cook said. iPad sales were up an astonishing 41% to $8.44 billion.</p><p><blockquote>苹果表示，Mac 销售额增长 21.2%，达到 86.8 亿美元，而其可穿戴设备、家居和配件部门的销售额增长 30%，达到 130 亿美元，“受到节日对最新苹果手表的需求的推动，”库克说。iPad销售额惊人地增长了41%，达到84.4亿美元。</blockquote></p><p>“Our December quarter business performance was fueled by double-digit growth in each product category, which drove all-time revenue records in each of our geographic segments and an all-time high for our installed base of active devices,” said CFO Luca Maestri. “These results helped us generate record operating cash flow of $38.8 billion. We also returned over $30 billion to shareholders during the quarter as we maintain our target of reaching a net cash neutral position over time.</p><p><blockquote>“首席财务官卢卡-马埃斯特里（Luca Maestri）说：”我们 12 月份季度的业务业绩得益于每个产品类别的两位数增长，这推动了我们每个地区的收入创下历史新高，有源设备的安装量也创下历史新高。“这些业绩帮助我们创造了创纪录的 388 亿美元运营现金流。我们还在本季度向股东返还了 300 多亿美元，因为我们保持了随着时间的推移实现净现金中性头寸的目标。</blockquote></p><p>Cook said the gains helped lift its total installed base of devices past 1.65 billion, with more than 1 billion iPhones active and outstanding and records in each of its project categories.</p><p><blockquote>库克表示，这些收益帮助其设备总安装量超过 16.5 亿部，其中超过 10 亿部 iPhone 处于活跃状态，每个项目类别都有记录。</blockquote></p><p></p>","source":"lsy1610613172068","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Smashes Q1 Earnings Forecast on Surging China Sales<blockquote>苹果因中国销量激增而打破第一季度盈利预期</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Smashes Q1 Earnings Forecast on Surging China Sales<blockquote>苹果因中国销量激增而打破第一季度盈利预期</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The street</strong><span class=\"h-time small\">2021-01-28 15:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Apple saw a 57% surge in China sales over the December quarter, helping drive a record top line and much stronger-than-expected first quarter earnings.</p><p><blockquote>苹果 12 月份季度在华销售额激增 57%，帮助推动创纪录的营收和远超预期的第一季度盈利。</blockquote></p><p>Apple Inc.&nbsp;(<b>AAPL</b>) -Get Report&nbsp;posted stronger-than-expected first quarter earnings Wednesday, and its first print of revenues over $100 million, thanks in part to surging China sales and demand for its new iPhone 12.</p><p><blockquote>苹果公司（<b>苹果</b>) -Get Report 周三公布的第一季度收益强于预期，收入首次超过 1 亿美元，部分原因是中国销量激增以及对新款 iPhone 12 的需求。</blockquote></p><p>Apple said profits for the three months ending in December, the tech giant's fiscal first quarter, were pegged at $1.68 per share, up 34.4% from the same period last year and well ahead of the Street consensus forecast of $1.41. Group revenues, Apple said, rose 21% from last year to a record $111.44 billion, again topping analysts' estimates of a $103.3 billion tally.</p><p><blockquote>苹果表示，这家科技巨头截至 12 月第一财季的三个月利润为每股 1.68 美元，比去年同期增长 34.4%，远高于华尔街普遍预测的 1.41 美元。苹果表示，集团收入较去年增长 21%，达到创纪录的 1114.4 亿美元，再次超过分析师预期的 1033 亿美元。</blockquote></p><p>Greater China revenues surged 57% to $21.3 billion, Apple said, helping iPhone revenues rise 17% to an all-time high of $65.5 billion, thanks in part to the launch of its new iPhone 12 suite of smartphones late last year amid COVID-related disruptions to its global brick-and-mortar network of stores. Services revenue rose 24.2% to $15.8 billion, Apple said, with more than 620 million subscribers across all of its platforms.</p><p><blockquote>苹果表示，大中华区收入激增 57%，达到 213 亿美元，帮助 iPhone 收入增长 17%，达到 655 亿美元的历史新高，部分原因是去年年底推出了新款 iPhone 12 智能手机套件。新冠疫情对其全球实体店网络造成了干扰。苹果表示，服务收入增长 24.2%，达到 158 亿美元，其所有平台的订阅用户超过 6.2 亿。</blockquote></p><p>Looking into the three months ending in March, Apple said its sees revenue growing on an year-on-year basis, but declined to provide detailed guidance for either sales or bottom line earnings. Gross margins, Apple said, will likely be flat on a quarter-to-quarter basis.</p><p><blockquote>展望截至 3 月份的三个月，苹果表示，预计收入将同比增长，但拒绝提供销售或利润的详细指导。苹果表示，毛利率可能会环比持平。</blockquote></p><p>“This quarter for Apple wouldn’t have been possible without the tireless and innovative work of every Apple team member worldwide,” said CEO Tim Cook. “We’re gratified by the enthusiastic customer response to the unmatched line of cutting-edge products that we delivered across a historic holiday season.\"</p><p><blockquote>“首席执行官蒂姆-库克（Tim Cook）说：”如果没有苹果全球每一位团队成员的不懈努力和创新工作，苹果的这个季度是不可能实现的。“我们对客户对我们在历史性的节日期间提供的无与伦比的尖端产品的热情反应感到满意”。</blockquote></p><p>Apple shares were marked 2% lower in after hours trading immediately following the earnings release to indicate a Thursday opening bell price of $139.30 each, a move that would trim the stock's six-month gain to around 49%.</p><p><blockquote>财报发布后，苹果股价在盘后交易中下跌 2%，周四开盘价为每股 139.30 美元，此举将使该股六个月的涨幅缩减至 49% 左右。</blockquote></p><p>Mac sales, Apple said, rose 21.2% to $8.68 billion, while sales from its wearables, home and accessories division jumped 30% to $13 billion, \"driven by holiday demand for the latest Apple watch,\" Cook said. iPad sales were up an astonishing 41% to $8.44 billion.</p><p><blockquote>苹果表示，Mac 销售额增长 21.2%，达到 86.8 亿美元，而其可穿戴设备、家居和配件部门的销售额增长 30%，达到 130 亿美元，“受到节日对最新苹果手表的需求的推动，”库克说。iPad销售额惊人地增长了41%，达到84.4亿美元。</blockquote></p><p>“Our December quarter business performance was fueled by double-digit growth in each product category, which drove all-time revenue records in each of our geographic segments and an all-time high for our installed base of active devices,” said CFO Luca Maestri. “These results helped us generate record operating cash flow of $38.8 billion. We also returned over $30 billion to shareholders during the quarter as we maintain our target of reaching a net cash neutral position over time.</p><p><blockquote>“首席财务官卢卡-马埃斯特里（Luca Maestri）说：”我们 12 月份季度的业务业绩得益于每个产品类别的两位数增长，这推动了我们每个地区的收入创下历史新高，有源设备的安装量也创下历史新高。“这些业绩帮助我们创造了创纪录的 388 亿美元运营现金流。我们还在本季度向股东返还了 300 多亿美元，因为我们保持了随着时间的推移实现净现金中性头寸的目标。</blockquote></p><p>Cook said the gains helped lift its total installed base of devices past 1.65 billion, with more than 1 billion iPhones active and outstanding and records in each of its project categories.</p><p><blockquote>库克表示，这些收益帮助其设备总安装量超过 16.5 亿部，其中超过 10 亿部 iPhone 处于活跃状态，每个项目类别都有记录。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/apple-smashes-q1-earnings-forecast-on-surging-china-sales\">The street</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.thestreet.com/investing/apple-smashes-q1-earnings-forecast-on-surging-china-sales","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181346723","content_text":"Apple saw a 57% surge in China sales over the December quarter, helping drive a record top line and much stronger-than-expected first quarter earnings.Apple Inc. (AAPL) -Get Report posted stronger-than-expected first quarter earnings Wednesday, and its first print of revenues over $100 million, thanks in part to surging China sales and demand for its new iPhone 12.Apple said profits for the three months ending in December, the tech giant's fiscal first quarter, were pegged at $1.68 per share, up 34.4% from the same period last year and well ahead of the Street consensus forecast of $1.41. Group revenues, Apple said, rose 21% from last year to a record $111.44 billion, again topping analysts' estimates of a $103.3 billion tally.Greater China revenues surged 57% to $21.3 billion, Apple said, helping iPhone revenues rise 17% to an all-time high of $65.5 billion, thanks in part to the launch of its new iPhone 12 suite of smartphones late last year amid COVID-related disruptions to its global brick-and-mortar network of stores. Services revenue rose 24.2% to $15.8 billion, Apple said, with more than 620 million subscribers across all of its platforms.Looking into the three months ending in March, Apple said its sees revenue growing on an year-on-year basis, but declined to provide detailed guidance for either sales or bottom line earnings. Gross margins, Apple said, will likely be flat on a quarter-to-quarter basis.“This quarter for Apple wouldn’t have been possible without the tireless and innovative work of every Apple team member worldwide,” said CEO Tim Cook. “We’re gratified by the enthusiastic customer response to the unmatched line of cutting-edge products that we delivered across a historic holiday season.\"Apple shares were marked 2% lower in after hours trading immediately following the earnings release to indicate a Thursday opening bell price of $139.30 each, a move that would trim the stock's six-month gain to around 49%.Mac sales, Apple said, rose 21.2% to $8.68 billion, while sales from its wearables, home and accessories division jumped 30% to $13 billion, \"driven by holiday demand for the latest Apple watch,\" Cook said. iPad sales were up an astonishing 41% to $8.44 billion.“Our December quarter business performance was fueled by double-digit growth in each product category, which drove all-time revenue records in each of our geographic segments and an all-time high for our installed base of active devices,” said CFO Luca Maestri. “These results helped us generate record operating cash flow of $38.8 billion. We also returned over $30 billion to shareholders during the quarter as we maintain our target of reaching a net cash neutral position over time.Cook said the gains helped lift its total installed base of devices past 1.65 billion, with more than 1 billion iPhones active and outstanding and records in each of its project categories.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":3439,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":311259220,"gmtCreate":1611803034260,"gmtModify":1703754047298,"author":{"id":"3570617809207113","authorId":"3570617809207113","name":"Donn","avatar":"https://static.tigerbbs.com/ba1b57c564d3f11854c26a2bf9847d97","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570617809207113","idStr":"3570617809207113"},"themes":[],"title":"","htmlText":"High risk. Must be strong to hold haha","listText":"High risk. Must be strong to hold haha","text":"High risk. Must be strong to hold haha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/311259220","repostId":"2106258590","repostType":4,"isVote":1,"tweetType":1,"viewCount":2541,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":313670523,"gmtCreate":1611714666762,"gmtModify":1703752568184,"author":{"id":"3570617809207113","authorId":"3570617809207113","name":"Donn","avatar":"https://static.tigerbbs.com/ba1b57c564d3f11854c26a2bf9847d97","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570617809207113","idStr":"3570617809207113"},"themes":[],"title":"","htmlText":"Missed it :(","listText":"Missed it :(","text":"Missed it :(","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/313670523","repostId":"1141309013","repostType":4,"repost":{"id":"1141309013","kind":"news","pubTimestamp":1611655201,"share":"https://www.laohunote.com/m/news/1141309013?lang=zh_CN&edition=full","pubTime":"2021-01-26 18:00","market":"sg","language":"en","title":"Apple Stock Could Surge 62% to $225, According to This Analyst<blockquote>这位分析师表示，苹果股价可能飙升 62% 至 225 美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1141309013","media":"nasdaq","summary":"Shares ofApple(NASDAQ: AAPL)have already climbed 79% over the past year, but will surge to new all-t","content":"<p>Shares of<b>Apple</b>(NASDAQ: AAPL)have already climbed 79% over the past year, but will surge to new all-time highs in 2021.</p><p><blockquote>股份<b>苹果</b>（纳斯达克：AAPL）过去一年已经上涨了 79%，但将在 2021 年飙升至历史新高。</blockquote></p><p>That's according to Wedbush analyst Daniel Ives. Today, Ives raised his price target on Apple's stock to $175 from $160, but also laid out a bull case for why the stock could climb to as high as $225. His new base target represents potential gains for investors of roughly 26% over the stock's closing price of about $139 on Friday. It's his compelling argument for the bull case, however, that should have investors more excited.</p><p><blockquote>这是韦德布什分析师丹尼尔·艾夫斯的说法。今天，艾夫斯将苹果股票的目标价从 160 美元上调至 175 美元，但也阐述了该股为何可能攀升至 225 美元的看涨理由。他的新基本目标代表着投资者比该股周五约 139 美元的收盘价可能上涨约 26%。然而，这是他对牛市的令人信服的论点，这应该会让投资者更加兴奋。</blockquote></p><p>Ives cited the potential for \"eye-popping\" iPhone sales, saying that checks of Apple's supply chain in Asia showed strong demand for the device. The analyst now believes Apple could have sold as many as 90 million iPhones during the December quarter, roughly 35% over the analyst's already robust forecast. Ives sees this upward trend continuing over the March and June quarters.</p><p><blockquote>艾夫斯引用了“令人瞠目结舌”的 iPhone 销售潜力，称对苹果在亚洲供应链的检查显示，对该设备的需求强劲。该分析师现在认为，苹果在 12 月份季度可能售出多达 9000 万部 iPhone，比分析师本已强劲的预测高出约 35%。艾夫斯认为这种上升趋势将在三月和六月季度持续下去。</blockquote></p><p>\"We believe based on the current trajectory and in a bull case Cupertino has potential to sell north of 240 million units (~250 million could be in the cards -- an eye-popping figure)\" Ives wrote in a note to clients, \"which would easily eclipse the previous Apple record of 231 million units sold in [fiscal year 2015].\"</p><p><blockquote>艾夫斯在给客户的一份报告中写道：“我们相信，根据目前的发展轨迹，在牛市的情况下，库比蒂诺有潜力销量超过 2.4 亿辆（可能会达到约 2.5 亿辆——这是一个令人瞠目结舌的数字），”这将很容易超越苹果此前创下的 [2015 财年] 销量 2.31 亿辆的纪录。”</blockquote></p><p>Will Apple stock hit $225?</p><p><blockquote>苹果股票会触及 225 美元吗？</blockquote></p><p>There have long been prognostications of a supercycle for the iPhone maker. It has an installed base of more than 1.4 billion active devices, with the iPhone accounting for an estimated 950 million of those.</p><p><blockquote>长期以来，人们一直预测这家 iPhone 制造商将迎来超级周期。它拥有超过14亿台活跃设备的安装基础，其中iPhone约占9.5亿台。</blockquote></p><p>The current thinking suggests that as many as 350 million iPhone buyers could upgrade their device this year. To put that number in context, Apple sold roughly 185 million iPhones in 2019. Given the demand for a 5G-enabled iPhone, and the number of devices due for an upgrade, it's certainly possible Apple could sell 89% more iPhones in 2021 -- but that's certainly a high bar.</p><p><blockquote>目前的想法表明，今年多达3.5亿iPhone购买者可能会升级他们的设备。结合这个数字来看，苹果在 2019 年售出了大约 1.85 亿部 iPhone。考虑到对支持5G的iPhone的需求，以及需要升级的设备数量，苹果肯定有可能在2021年多销售89%的iPhone，但这肯定是一个很高的门槛。</blockquote></p><p></p>","source":"lsy1603171495471","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Stock Could Surge 62% to $225, According to This Analyst<blockquote>这位分析师表示，苹果股价可能飙升 62% 至 225 美元</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Stock Could Surge 62% to $225, According to This Analyst<blockquote>这位分析师表示，苹果股价可能飙升 62% 至 225 美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">nasdaq</strong><span class=\"h-time small\">2021-01-26 18:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Shares of<b>Apple</b>(NASDAQ: AAPL)have already climbed 79% over the past year, but will surge to new all-time highs in 2021.</p><p><blockquote>股份<b>苹果</b>（纳斯达克：AAPL）过去一年已经上涨了 79%，但将在 2021 年飙升至历史新高。</blockquote></p><p>That's according to Wedbush analyst Daniel Ives. Today, Ives raised his price target on Apple's stock to $175 from $160, but also laid out a bull case for why the stock could climb to as high as $225. His new base target represents potential gains for investors of roughly 26% over the stock's closing price of about $139 on Friday. It's his compelling argument for the bull case, however, that should have investors more excited.</p><p><blockquote>这是韦德布什分析师丹尼尔·艾夫斯的说法。今天，艾夫斯将苹果股票的目标价从 160 美元上调至 175 美元，但也阐述了该股为何可能攀升至 225 美元的看涨理由。他的新基本目标代表着投资者比该股周五约 139 美元的收盘价可能上涨约 26%。然而，这是他对牛市的令人信服的论点，这应该会让投资者更加兴奋。</blockquote></p><p>Ives cited the potential for \"eye-popping\" iPhone sales, saying that checks of Apple's supply chain in Asia showed strong demand for the device. The analyst now believes Apple could have sold as many as 90 million iPhones during the December quarter, roughly 35% over the analyst's already robust forecast. Ives sees this upward trend continuing over the March and June quarters.</p><p><blockquote>艾夫斯引用了“令人瞠目结舌”的 iPhone 销售潜力，称对苹果在亚洲供应链的检查显示，对该设备的需求强劲。该分析师现在认为，苹果在 12 月份季度可能售出多达 9000 万部 iPhone，比分析师本已强劲的预测高出约 35%。艾夫斯认为这种上升趋势将在三月和六月季度持续下去。</blockquote></p><p>\"We believe based on the current trajectory and in a bull case Cupertino has potential to sell north of 240 million units (~250 million could be in the cards -- an eye-popping figure)\" Ives wrote in a note to clients, \"which would easily eclipse the previous Apple record of 231 million units sold in [fiscal year 2015].\"</p><p><blockquote>艾夫斯在给客户的一份报告中写道：“我们相信，根据目前的发展轨迹，在牛市的情况下，库比蒂诺有潜力销量超过 2.4 亿辆（可能会达到约 2.5 亿辆——这是一个令人瞠目结舌的数字），”这将很容易超越苹果此前创下的 [2015 财年] 销量 2.31 亿辆的纪录。”</blockquote></p><p>Will Apple stock hit $225?</p><p><blockquote>苹果股票会触及 225 美元吗？</blockquote></p><p>There have long been prognostications of a supercycle for the iPhone maker. It has an installed base of more than 1.4 billion active devices, with the iPhone accounting for an estimated 950 million of those.</p><p><blockquote>长期以来，人们一直预测这家 iPhone 制造商将迎来超级周期。它拥有超过14亿台活跃设备的安装基础，其中iPhone约占9.5亿台。</blockquote></p><p>The current thinking suggests that as many as 350 million iPhone buyers could upgrade their device this year. To put that number in context, Apple sold roughly 185 million iPhones in 2019. Given the demand for a 5G-enabled iPhone, and the number of devices due for an upgrade, it's certainly possible Apple could sell 89% more iPhones in 2021 -- but that's certainly a high bar.</p><p><blockquote>目前的想法表明，今年多达3.5亿iPhone购买者可能会升级他们的设备。结合这个数字来看，苹果在 2019 年售出了大约 1.85 亿部 iPhone。考虑到对支持5G的iPhone的需求，以及需要升级的设备数量，苹果肯定有可能在2021年多销售89%的iPhone，但这肯定是一个很高的门槛。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.nasdaq.com/articles/apple-stock-could-surge-62-to-%24225-according-to-this-analyst-2021-01-25\">nasdaq</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.nasdaq.com/articles/apple-stock-could-surge-62-to-%24225-according-to-this-analyst-2021-01-25","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141309013","content_text":"Shares ofApple(NASDAQ: AAPL)have already climbed 79% over the past year, but will surge to new all-time highs in 2021.That's according to Wedbush analyst Daniel Ives. Today, Ives raised his price target on Apple's stock to $175 from $160, but also laid out a bull case for why the stock could climb to as high as $225. His new base target represents potential gains for investors of roughly 26% over the stock's closing price of about $139 on Friday. It's his compelling argument for the bull case, however, that should have investors more excited.Ives cited the potential for \"eye-popping\" iPhone sales, saying that checks of Apple's supply chain in Asia showed strong demand for the device. The analyst now believes Apple could have sold as many as 90 million iPhones during the December quarter, roughly 35% over the analyst's already robust forecast. Ives sees this upward trend continuing over the March and June quarters.\"We believe based on the current trajectory and in a bull case Cupertino has potential to sell north of 240 million units (~250 million could be in the cards -- an eye-popping figure)\" Ives wrote in a note to clients, \"which would easily eclipse the previous Apple record of 231 million units sold in [fiscal year 2015].\"Will Apple stock hit $225?There have long been prognostications of a supercycle for the iPhone maker. It has an installed base of more than 1.4 billion active devices, with the iPhone accounting for an estimated 950 million of those.The current thinking suggests that as many as 350 million iPhone buyers could upgrade their device this year. To put that number in context, Apple sold roughly 185 million iPhones in 2019. Given the demand for a 5G-enabled iPhone, and the number of devices due for an upgrade, it's certainly possible Apple could sell 89% more iPhones in 2021 -- but that's certainly a high bar.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2382,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":319764911,"gmtCreate":1611625061333,"gmtModify":1703751689970,"author":{"id":"3570617809207113","authorId":"3570617809207113","name":"Donn","avatar":"https://static.tigerbbs.com/ba1b57c564d3f11854c26a2bf9847d97","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570617809207113","idStr":"3570617809207113"},"themes":[],"title":"","htmlText":"Hopefully","listText":"Hopefully","text":"Hopefully","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/319764911","repostId":"1111408338","repostType":4,"repost":{"id":"1111408338","kind":"news","pubTimestamp":1611573530,"share":"https://www.laohunote.com/m/news/1111408338?lang=zh_CN&edition=full","pubTime":"2021-01-25 19:18","market":"us","language":"en","title":"Tesla earnings: Can sales growth match stock’s rise?<blockquote>特斯拉财报： 销售增长能与股价上涨相匹配吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1111408338","media":"Market Wacth","summary":"Tesla Inc. is expected to report fourth-quarter results after the bell on Wednesday, with all eyes on the Silicon Valley electric-car maker’s sales goals for 2021.On a call in October to discussTesla’s third-quarter earnings,one analyst estimated 2021 sales between 840,000 to 1 million vehicles, and Chief Executive Elon Musk responded that it likely would be “in that vicinity,” and that the analyst was “not far off.”Chief Financial Officer Zach Kirkhorn then added that TeslaTSLA,+0.20%would prov","content":"<p>Tesla Inc. is expected to report fourth-quarter results after the bell on Wednesday, with all eyes on the Silicon Valley electric-car maker’s sales goals for 2021.</p><p><blockquote>特斯拉公司预计将在周三盘后公布第四季度业绩，所有人的目光都集中在这家硅谷电动汽车制造商 2021 年的销售目标上。</blockquote></p><p>On a call in October to discussTesla’s third-quarter earnings,one analyst estimated 2021 sales between 840,000 to 1 million vehicles, and Chief Executive Elon Musk responded that it likely would be “in that vicinity,” and that the analyst was “not far off.”</p><p><blockquote>在 10 月份讨论特斯拉第三季度收益的看涨期权上，一位分析师估计 2021 年销量将在 84 万至 100 万辆之间，首席执行官埃隆-马斯克（Elon Musk）回应说，可能 “在那个附近”，而这位分析师 “也不远了”。</blockquote></p><p>Chief Financial Officer Zach Kirkhorn then added that TeslaTSLA,+0.20%would provide official 2021 guidance when it reports fourth-quarter results, seemingly preventing Musk from saying more.</p><p><blockquote>首席财务官扎克·柯克霍恩 (Zach Kirkhorn) 随后补充说，特斯拉 SLA,+0.20% 将在报告第四季度业绩时提供 2021 年官方指引，似乎阻止了马斯克发表更多言论。</blockquote></p><p>All through last year, despite factory closures and other pandemic-related snags, Tesla kept its 2020 sales guidance intact, and the company ended the year a hair’s breath from it, earning praise from Wall Street.</p><p><blockquote>去年全年，尽管工厂关闭和其他与大流行病相关的障碍，特斯拉仍保持了 2020 年的销售指导不变，该公司在这一年中轻松结束，赢得了华尔街的赞誉。</blockquote></p><p>Tesla earlier this month said it hadproduced more than half a million vehicles and delivered 499,550 in 2020.Deliveries are a proxy for Tesla sales. Before the start of the pandemic, the company set a goal of delivering more than 500,000 vehicles in the year.</p><p><blockquote>特斯拉本月早些时候表示，2020 年已生产超过 50 万辆汽车，交付了 499,550 辆。交付量代表了特斯拉的销量。在大流行开始之前，该公司设定了全年交付超过50万辆汽车的目标。</blockquote></p><p>Wall Street analysts expect a deliveries guidance to come in around 825,000 and 875,000 vehicles.</p><p><blockquote>华尔街分析师预计交付量将达到 825,000 至 875,000 辆左右。</blockquote></p><p>Here’s what else to expect:</p><p><blockquote>以下是其他值得期待的内容：</blockquote></p><p><b>Earnings:</b>Consensus from 37 Wall Street analysts polled by FactSet calls for GAAP earnings of 65 cents a share, which would compare with GAAP earnings of 12 cents a share in the fourth quarter of 2019.</p><p><blockquote><b>收益：</b>FactSet 评级调查的 37 名华尔街分析师一致认为 GAAP 每股收益为 65 美分，而 2019 年第四季度的 GAAP 每股收益为 12 美分。</blockquote></p><p>The analysts expect an adjusted profit of $1.04 a share, which would compare with an adjusted profit of 43 cents a share a year ago. A fourth-quarter profit would be Tesla’s sixth straight quarterly GAAP and adjusted earnings.</p><p><blockquote>分析师预计调整后每股利润为 1.04 美元，而一年前调整后每股利润为 43 美分。第四季度实现盈利将是特斯拉连续第六个季度实现 GAAP 和调整后收益。</blockquote></p><p>Estimize, a crowdsourcing platform that gathers estimates from Wall Street analysts as well as buy-side analysts, fund managers, company executives, academics and others, is expecting an adjusted profit of $1.02 a share.</p><p><blockquote>Estimize 是一个众包平台，收集华尔街分析师以及买方分析师、基金经理、公司高管、学者和其他人的估计，预计调整后每股利润为 1.02 美元。</blockquote></p><p><b>Revenue:</b>The analysts surveyed by FactSet expect sales of $10.53 billion for Tesla, up from $7.38 billion a year ago. Estimize sees revenue of $10.61 billion for the company.</p><p><blockquote><b>收入：</b>FactSet 调查的分析师预计特斯拉销售额为 105.3 亿美元，高于一年前的 73.8 亿美元。预计该公司收入为 106.1 亿美元。</blockquote></p><p><b>Stock movement:</b>Tesla stock greeted 2021 just about the same way it ended 2020: Scoring closing and intraday records highs. Earlier this month, the stock went on its longest-everwinning run.</p><p><blockquote><b>股票变动：</b>特斯拉股票迎接 2021 年的方式与 2020 年结束时的方式大致相同：收盘和盘中均创下历史新高。本月早些时候，该股继续了最长的上涨行情。</blockquote></p><p>Tesla shares are up 635% in the past 12 months, compared with gains around 16% for the S&amp;P 500 indexSPX,-0.30%in the same period.</p><p><blockquote>特斯拉股价在过去 12 个月中上涨了 635%，而标普500指数 SPX 同期上涨了约 16%，-0.30%。</blockquote></p><p><b>What else to expect:</b>Full-year results will provide the clearest yet picture of the coronavirus pandemic impact on the company.</p><p><blockquote><b>还有什么可以期待的：</b>全年业绩将提供冠状病毒疫情对公司影响的最清晰画面。</blockquote></p><p>Besides an official 2021 sales guidance, Wall Street is looking for more commentary on the Model Y, the newest addition to the Tesla lineup, and on upcoming models, such as the Cybertruck and a cheaper vehicle that has been only hinted at and that has been dubbed the “Model 2.”</p><p><blockquote>除了 2021 年的官方销售指引外，华尔街还在寻找更多关于特斯拉产品线的最新成员 Model Y 以及即将推出的车型（如 Cybertruck 和一款仅被暗示、被称为 “Model 2 ”的更便宜车型）的评论。</blockquote></p><p>Analysts at JPMorgan said Friday they remained “highly cautious” on Tesla due to its stock valuation, but they raised their price target on the stock to $125 from $105, the lowest among FactSet-surveyed analysts.</p><p><blockquote>摩根大通（JPMorgan）分析师周五表示，由于特斯拉的股票估值，他们对该股仍保持 “高度谨慎”，但他们将该股目标价从 105 美元上调至 125 美元，这是 FactSet 调查分析师中最低的。</blockquote></p><p>“While still suggestive of large downside, we do not regard our price target as ungenerous as it actually values Tesla as the world’s second largest automaker by market capitalization, behind Toyota and ahead of Volkswagen despite these automakers each currently selling on the order of magnitude of 20x as many vehicles annually as Tesla,” the JPMorgan analysts, led by Ryan Brinkman, said in their note.</p><p><blockquote>“以 Ryan Brinkman 为首的摩根大通分析师在报告中说：”虽然仍有很大的下行空间，但我们并不认为我们的价格目标过于慷慨，因为它实际上将特斯拉视为全球市值第二大汽车制造商，仅次于丰田，领先于大众汽车，尽管这些汽车制造商目前的年销量都是特斯拉的 20 倍。</blockquote></p><p>RBC analysts, led by Joseph Spak, said in a recent note they expect Tesla to reiterate its recently raised capex 2021 outlook, which calls for between $4.5 billion and $6 billion.</p><p><blockquote>以 Joseph Spak 为首的加拿大皇家银行分析师在最近的一份报告中表示，他们预计特斯拉将重申最近上调的 2021 年资本支出前景，评级在 45 亿至 60 亿美元之间。</blockquote></p><p>Tesla historically has issued guidance for free cash flow and GAAP net income, the RBC analysts said, but could hold off on it beyond calling for “significant” on-year improvement.</p><p><blockquote>加拿大皇家银行（RBC）分析师表示，特斯拉历来都会发布自由现金流和公认会计准则净利润的指引，但除了要求同比 “显著 ”改善外，还可以推迟发布。</blockquote></p><p>Deutsche Bank analysts said they expect a “solid” quarter for Tesla, raising their delivery forecast to 825,000 vehicles from 800,000, “given</p><p><blockquote>德意志银行分析师表示，他们预计特斯拉本季度的交付量将 “稳健 ”，并将交付量预测从 80 万辆上调至 82.5 万辆，“鉴于</blockquote></p><p>continued strong sales of Model 3 and fast ramp-up of (made-in-China) Model Y.”</p><p><blockquote>Model 3 的销售持续强劲，（中国制造）Model Y 的销售也迅速增长。”</blockquote></p><p>The Deutsche Bank analysts, led by Emmanuel Rosner, also raised their price target on Tesla shares to $890 from 705 to $890, based on expectations of higher sales and profits through 2021 and the next few years.</p><p><blockquote>以 Emmanuel Rosner 为首的德意志银行分析师也将特斯拉股票的目标价从 705 美元上调至 890 美元，基于对 2021 年和未来几年销售额和利润增加的预期。</blockquote></p><p>On average, Tesla analysts polled by FactSet have a price target of $525 on Tesla, with 12 out of the 37 with a buy rating on the stock, 15 rating it a hold, and the remaining 10 rating it a sell. The $525 average represents a 37% downside from Friday prices.</p><p><blockquote>FactSet 调查的特斯拉分析师平均对特斯拉的目标价为 525 美元，37 名分析师中有 12 人对该股给予买入评级，15 人给予持有评级，其余 10 人给予卖出评级。525 美元的平均价格比周五的价格下跌了 37%。</blockquote></p><p></p>","source":"lsy1604288433698","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla earnings: Can sales growth match stock’s rise?<blockquote>特斯拉财报： 销售增长能与股价上涨相匹配吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla earnings: Can sales growth match stock’s rise?<blockquote>特斯拉财报： 销售增长能与股价上涨相匹配吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Market Wacth</strong><span class=\"h-time small\">2021-01-25 19:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Tesla Inc. is expected to report fourth-quarter results after the bell on Wednesday, with all eyes on the Silicon Valley electric-car maker’s sales goals for 2021.</p><p><blockquote>特斯拉公司预计将在周三盘后公布第四季度业绩，所有人的目光都集中在这家硅谷电动汽车制造商 2021 年的销售目标上。</blockquote></p><p>On a call in October to discussTesla’s third-quarter earnings,one analyst estimated 2021 sales between 840,000 to 1 million vehicles, and Chief Executive Elon Musk responded that it likely would be “in that vicinity,” and that the analyst was “not far off.”</p><p><blockquote>在 10 月份讨论特斯拉第三季度收益的看涨期权上，一位分析师估计 2021 年销量将在 84 万至 100 万辆之间，首席执行官埃隆-马斯克（Elon Musk）回应说，可能 “在那个附近”，而这位分析师 “也不远了”。</blockquote></p><p>Chief Financial Officer Zach Kirkhorn then added that TeslaTSLA,+0.20%would provide official 2021 guidance when it reports fourth-quarter results, seemingly preventing Musk from saying more.</p><p><blockquote>首席财务官扎克·柯克霍恩 (Zach Kirkhorn) 随后补充说，特斯拉 SLA,+0.20% 将在报告第四季度业绩时提供 2021 年官方指引，似乎阻止了马斯克发表更多言论。</blockquote></p><p>All through last year, despite factory closures and other pandemic-related snags, Tesla kept its 2020 sales guidance intact, and the company ended the year a hair’s breath from it, earning praise from Wall Street.</p><p><blockquote>去年全年，尽管工厂关闭和其他与大流行病相关的障碍，特斯拉仍保持了 2020 年的销售指导不变，该公司在这一年中轻松结束，赢得了华尔街的赞誉。</blockquote></p><p>Tesla earlier this month said it hadproduced more than half a million vehicles and delivered 499,550 in 2020.Deliveries are a proxy for Tesla sales. Before the start of the pandemic, the company set a goal of delivering more than 500,000 vehicles in the year.</p><p><blockquote>特斯拉本月早些时候表示，2020 年已生产超过 50 万辆汽车，交付了 499,550 辆。交付量代表了特斯拉的销量。在大流行开始之前，该公司设定了全年交付超过50万辆汽车的目标。</blockquote></p><p>Wall Street analysts expect a deliveries guidance to come in around 825,000 and 875,000 vehicles.</p><p><blockquote>华尔街分析师预计交付量将达到 825,000 至 875,000 辆左右。</blockquote></p><p>Here’s what else to expect:</p><p><blockquote>以下是其他值得期待的内容：</blockquote></p><p><b>Earnings:</b>Consensus from 37 Wall Street analysts polled by FactSet calls for GAAP earnings of 65 cents a share, which would compare with GAAP earnings of 12 cents a share in the fourth quarter of 2019.</p><p><blockquote><b>收益：</b>FactSet 评级调查的 37 名华尔街分析师一致认为 GAAP 每股收益为 65 美分，而 2019 年第四季度的 GAAP 每股收益为 12 美分。</blockquote></p><p>The analysts expect an adjusted profit of $1.04 a share, which would compare with an adjusted profit of 43 cents a share a year ago. A fourth-quarter profit would be Tesla’s sixth straight quarterly GAAP and adjusted earnings.</p><p><blockquote>分析师预计调整后每股利润为 1.04 美元，而一年前调整后每股利润为 43 美分。第四季度实现盈利将是特斯拉连续第六个季度实现 GAAP 和调整后收益。</blockquote></p><p>Estimize, a crowdsourcing platform that gathers estimates from Wall Street analysts as well as buy-side analysts, fund managers, company executives, academics and others, is expecting an adjusted profit of $1.02 a share.</p><p><blockquote>Estimize 是一个众包平台，收集华尔街分析师以及买方分析师、基金经理、公司高管、学者和其他人的估计，预计调整后每股利润为 1.02 美元。</blockquote></p><p><b>Revenue:</b>The analysts surveyed by FactSet expect sales of $10.53 billion for Tesla, up from $7.38 billion a year ago. Estimize sees revenue of $10.61 billion for the company.</p><p><blockquote><b>收入：</b>FactSet 调查的分析师预计特斯拉销售额为 105.3 亿美元，高于一年前的 73.8 亿美元。预计该公司收入为 106.1 亿美元。</blockquote></p><p><b>Stock movement:</b>Tesla stock greeted 2021 just about the same way it ended 2020: Scoring closing and intraday records highs. Earlier this month, the stock went on its longest-everwinning run.</p><p><blockquote><b>股票变动：</b>特斯拉股票迎接 2021 年的方式与 2020 年结束时的方式大致相同：收盘和盘中均创下历史新高。本月早些时候，该股继续了最长的上涨行情。</blockquote></p><p>Tesla shares are up 635% in the past 12 months, compared with gains around 16% for the S&amp;P 500 indexSPX,-0.30%in the same period.</p><p><blockquote>特斯拉股价在过去 12 个月中上涨了 635%，而标普500指数 SPX 同期上涨了约 16%，-0.30%。</blockquote></p><p><b>What else to expect:</b>Full-year results will provide the clearest yet picture of the coronavirus pandemic impact on the company.</p><p><blockquote><b>还有什么可以期待的：</b>全年业绩将提供冠状病毒疫情对公司影响的最清晰画面。</blockquote></p><p>Besides an official 2021 sales guidance, Wall Street is looking for more commentary on the Model Y, the newest addition to the Tesla lineup, and on upcoming models, such as the Cybertruck and a cheaper vehicle that has been only hinted at and that has been dubbed the “Model 2.”</p><p><blockquote>除了 2021 年的官方销售指引外，华尔街还在寻找更多关于特斯拉产品线的最新成员 Model Y 以及即将推出的车型（如 Cybertruck 和一款仅被暗示、被称为 “Model 2 ”的更便宜车型）的评论。</blockquote></p><p>Analysts at JPMorgan said Friday they remained “highly cautious” on Tesla due to its stock valuation, but they raised their price target on the stock to $125 from $105, the lowest among FactSet-surveyed analysts.</p><p><blockquote>摩根大通（JPMorgan）分析师周五表示，由于特斯拉的股票估值，他们对该股仍保持 “高度谨慎”，但他们将该股目标价从 105 美元上调至 125 美元，这是 FactSet 调查分析师中最低的。</blockquote></p><p>“While still suggestive of large downside, we do not regard our price target as ungenerous as it actually values Tesla as the world’s second largest automaker by market capitalization, behind Toyota and ahead of Volkswagen despite these automakers each currently selling on the order of magnitude of 20x as many vehicles annually as Tesla,” the JPMorgan analysts, led by Ryan Brinkman, said in their note.</p><p><blockquote>“以 Ryan Brinkman 为首的摩根大通分析师在报告中说：”虽然仍有很大的下行空间，但我们并不认为我们的价格目标过于慷慨，因为它实际上将特斯拉视为全球市值第二大汽车制造商，仅次于丰田，领先于大众汽车，尽管这些汽车制造商目前的年销量都是特斯拉的 20 倍。</blockquote></p><p>RBC analysts, led by Joseph Spak, said in a recent note they expect Tesla to reiterate its recently raised capex 2021 outlook, which calls for between $4.5 billion and $6 billion.</p><p><blockquote>以 Joseph Spak 为首的加拿大皇家银行分析师在最近的一份报告中表示，他们预计特斯拉将重申最近上调的 2021 年资本支出前景，评级在 45 亿至 60 亿美元之间。</blockquote></p><p>Tesla historically has issued guidance for free cash flow and GAAP net income, the RBC analysts said, but could hold off on it beyond calling for “significant” on-year improvement.</p><p><blockquote>加拿大皇家银行（RBC）分析师表示，特斯拉历来都会发布自由现金流和公认会计准则净利润的指引，但除了要求同比 “显著 ”改善外，还可以推迟发布。</blockquote></p><p>Deutsche Bank analysts said they expect a “solid” quarter for Tesla, raising their delivery forecast to 825,000 vehicles from 800,000, “given</p><p><blockquote>德意志银行分析师表示，他们预计特斯拉本季度的交付量将 “稳健 ”，并将交付量预测从 80 万辆上调至 82.5 万辆，“鉴于</blockquote></p><p>continued strong sales of Model 3 and fast ramp-up of (made-in-China) Model Y.”</p><p><blockquote>Model 3 的销售持续强劲，（中国制造）Model Y 的销售也迅速增长。”</blockquote></p><p>The Deutsche Bank analysts, led by Emmanuel Rosner, also raised their price target on Tesla shares to $890 from 705 to $890, based on expectations of higher sales and profits through 2021 and the next few years.</p><p><blockquote>以 Emmanuel Rosner 为首的德意志银行分析师也将特斯拉股票的目标价从 705 美元上调至 890 美元，基于对 2021 年和未来几年销售额和利润增加的预期。</blockquote></p><p>On average, Tesla analysts polled by FactSet have a price target of $525 on Tesla, with 12 out of the 37 with a buy rating on the stock, 15 rating it a hold, and the remaining 10 rating it a sell. The $525 average represents a 37% downside from Friday prices.</p><p><blockquote>FactSet 调查的特斯拉分析师平均对特斯拉的目标价为 525 美元，37 名分析师中有 12 人对该股给予买入评级，15 人给予持有评级，其余 10 人给予卖出评级。525 美元的平均价格比周五的价格下跌了 37%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/get-ready-for-apples-first-100-billion-quarter-in-history-11611347355?mod=home-page\">Market Wacth</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/fab3e6da33eab070d39ea5ddbb760010","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.marketwatch.com/story/get-ready-for-apples-first-100-billion-quarter-in-history-11611347355?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111408338","content_text":"Tesla Inc. is expected to report fourth-quarter results after the bell on Wednesday, with all eyes on the Silicon Valley electric-car maker’s sales goals for 2021.On a call in October to discussTesla’s third-quarter earnings,one analyst estimated 2021 sales between 840,000 to 1 million vehicles, and Chief Executive Elon Musk responded that it likely would be “in that vicinity,” and that the analyst was “not far off.”Chief Financial Officer Zach Kirkhorn then added that TeslaTSLA,+0.20%would provide official 2021 guidance when it reports fourth-quarter results, seemingly preventing Musk from saying more.All through last year, despite factory closures and other pandemic-related snags, Tesla kept its 2020 sales guidance intact, and the company ended the year a hair’s breath from it, earning praise from Wall Street.Tesla earlier this month said it hadproduced more than half a million vehicles and delivered 499,550 in 2020.Deliveries are a proxy for Tesla sales. Before the start of the pandemic, the company set a goal of delivering more than 500,000 vehicles in the year.Wall Street analysts expect a deliveries guidance to come in around 825,000 and 875,000 vehicles.Here’s what else to expect:Earnings:Consensus from 37 Wall Street analysts polled by FactSet calls for GAAP earnings of 65 cents a share, which would compare with GAAP earnings of 12 cents a share in the fourth quarter of 2019.The analysts expect an adjusted profit of $1.04 a share, which would compare with an adjusted profit of 43 cents a share a year ago. A fourth-quarter profit would be Tesla’s sixth straight quarterly GAAP and adjusted earnings.Estimize, a crowdsourcing platform that gathers estimates from Wall Street analysts as well as buy-side analysts, fund managers, company executives, academics and others, is expecting an adjusted profit of $1.02 a share.Revenue:The analysts surveyed by FactSet expect sales of $10.53 billion for Tesla, up from $7.38 billion a year ago. Estimize sees revenue of $10.61 billion for the company.Stock movement:Tesla stock greeted 2021 just about the same way it ended 2020: Scoring closing and intraday records highs. Earlier this month, the stock went on its longest-everwinning run.Tesla shares are up 635% in the past 12 months, compared with gains around 16% for the S&P 500 indexSPX,-0.30%in the same period.What else to expect:Full-year results will provide the clearest yet picture of the coronavirus pandemic impact on the company.Besides an official 2021 sales guidance, Wall Street is looking for more commentary on the Model Y, the newest addition to the Tesla lineup, and on upcoming models, such as the Cybertruck and a cheaper vehicle that has been only hinted at and that has been dubbed the “Model 2.”Analysts at JPMorgan said Friday they remained “highly cautious” on Tesla due to its stock valuation, but they raised their price target on the stock to $125 from $105, the lowest among FactSet-surveyed analysts.“While still suggestive of large downside, we do not regard our price target as ungenerous as it actually values Tesla as the world’s second largest automaker by market capitalization, behind Toyota and ahead of Volkswagen despite these automakers each currently selling on the order of magnitude of 20x as many vehicles annually as Tesla,” the JPMorgan analysts, led by Ryan Brinkman, said in their note.RBC analysts, led by Joseph Spak, said in a recent note they expect Tesla to reiterate its recently raised capex 2021 outlook, which calls for between $4.5 billion and $6 billion.Tesla historically has issued guidance for free cash flow and GAAP net income, the RBC analysts said, but could hold off on it beyond calling for “significant” on-year improvement.Deutsche Bank analysts said they expect a “solid” quarter for Tesla, raising their delivery forecast to 825,000 vehicles from 800,000, “givencontinued strong sales of Model 3 and fast ramp-up of (made-in-China) Model Y.”The Deutsche Bank analysts, led by Emmanuel Rosner, also raised their price target on Tesla shares to $890 from 705 to $890, based on expectations of higher sales and profits through 2021 and the next few years.On average, Tesla analysts polled by FactSet have a price target of $525 on Tesla, with 12 out of the 37 with a buy rating on the stock, 15 rating it a hold, and the remaining 10 rating it a sell. The $525 average represents a 37% downside from Friday prices.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":2615,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":319361445,"gmtCreate":1611538880187,"gmtModify":1703750707130,"author":{"id":"3570617809207113","authorId":"3570617809207113","name":"Donn","avatar":"https://static.tigerbbs.com/ba1b57c564d3f11854c26a2bf9847d97","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570617809207113","idStr":"3570617809207113"},"themes":[],"title":"","htmlText":"Hmm. It’ll recover.","listText":"Hmm. It’ll recover.","text":"Hmm. It’ll recover.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/319361445","repostId":"2105659234","repostType":4,"isVote":1,"tweetType":1,"viewCount":2568,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":319912892,"gmtCreate":1611470604316,"gmtModify":1703750547718,"author":{"id":"3570617809207113","authorId":"3570617809207113","name":"Donn","avatar":"https://static.tigerbbs.com/ba1b57c564d3f11854c26a2bf9847d97","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570617809207113","idStr":"3570617809207113"},"themes":[],"title":"","htmlText":"Waiting for the dip?","listText":"Waiting for the dip?","text":"Waiting for the dip?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/319912892","repostId":"2105593894","repostType":4,"isVote":1,"tweetType":1,"viewCount":1054,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":310786786,"gmtCreate":1611373439645,"gmtModify":1703750278496,"author":{"id":"3570617809207113","authorId":"3570617809207113","name":"Donn","avatar":"https://static.tigerbbs.com/ba1b57c564d3f11854c26a2bf9847d97","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570617809207113","idStr":"3570617809207113"},"themes":[],"title":"","htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/310786786","repostId":"2105466589","repostType":4,"isVote":1,"tweetType":1,"viewCount":1077,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":310786236,"gmtCreate":1611373410025,"gmtModify":1703750278150,"author":{"id":"3570617809207113","authorId":"3570617809207113","name":"Donn","avatar":"https://static.tigerbbs.com/ba1b57c564d3f11854c26a2bf9847d97","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570617809207113","idStr":"3570617809207113"},"themes":[],"title":"","htmlText":"Good read","listText":"Good read","text":"Good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/310786236","repostId":"1186615938","repostType":4,"repost":{"id":"1186615938","kind":"news","pubTimestamp":1611304246,"share":"https://www.laohunote.com/m/news/1186615938?lang=zh_CN&edition=full","pubTime":"2021-01-22 16:30","market":"us","language":"en","title":"6 Dividend Funds for Long-Term Investors<blockquote>6只适合长期投资者的股息基金</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1186615938","media":"Barrons","summary":"Although dividend stocks lagged behind flashier tech stocks during the pandemic last year, their “lo","content":"<p>Although dividend stocks lagged behind flashier tech stocks during the pandemic last year, their “long-term investment case remains solid.”</p><p><blockquote>尽管在去年的大流行病期间，股息股落后于更耀眼的科技股，但它们的 “长期投资理由依然坚实”。</blockquote></p><p> So concludes Amy Arnott, a portfolio strategist atMorningstar,in a recent note. A lot of the mutual funds that specialize in these stocks “really suffered from not having as much tech exposure” as other funds did, Arnott tells<i>Barron’s</i>. These equity income funds, Arnott adds, also took a hit owing to the manydividend cuts and suspensionslast year as companies tried to preserve cash.</p><p><blockquote>晨星投资组合策略师艾米·阿诺特 (Amy Arnott) 在最近的一份报告中总结道。阿诺特说，许多专注于这些股票的共同基金 “确实因为没有像其他基金那样拥有那么多的科技股而受到影响”。<i>巴伦</i>阿诺特补充说，由于去年公司试图保留现金，这些股票收益基金也受到了打击。</blockquote></p><p> From Feb. 19 of last year, when the market peaked at what was then a record high, through March 23, the average stock dividend fund had a return of minus 36.6%, versus minus 33.5% for the S&amp;P 500, according to Morningstar. The MSCI USA High Dividend Yield Index notched a slightly better result, with a gross return of minus 32.6% over that stretch.</p><p><blockquote>晨星公司的数据显示，从去年 2 月 19 日市场达到历史新高的峰值到 3 月 23 日，股票股息基金的平均回报率为负 36.6%，而标普500的平均回报率为负 33.5%。摩根士丹利资本国际美国高股息收益率指数的表现略好，在此期间的总回报率为负 32.6%。</blockquote></p><p> Looking at the full year, theTechnology Select Sector SPDR Fund(ticker: XLK), a proxy for large technology companies, returned 43.6% in 2020, well above theS&amp;P 500’s18.4% result or theS&amp;P 500 Dividend Aristocrats’ 8.7% return.</p><p><blockquote>从全年来看，代表大型科技公司的科技精选行业 SPDR 基金（股票代码：XLK）在 2020 年的回报率为 43.6%，远高于标准普尔 500 指数 18.4% 的业绩或标准普尔 500 指数 Dividend Aristocrats 指数 8.7% 的回报率。</blockquote></p><p> Beaten but Not BrokenDespite recent underperformance, the long-term case for dividend funds</p><p><blockquote>尽管近期表现不佳，但股息基金的长期情况仍然令人担忧，但并未崩溃</blockquote></p><p> <table>  <thead>   <tr>    <th>Fund or Index / Ticker</th>    <th>1-Year Return</th>    <th>Dividend Yield</th>    <th>AUM (bil)</th>    <th>Net Expense Ratio</th>   </tr>  </thead>  <tbody>   <tr>    <td>Columbia Dividend Income / GSFTX</td>    <td>9.2%</td>    <td>1.7%</td>    <td>$28.9</td>    <td>0.69%</td>   </tr>   <tr>    <td>Franklin Equity Income / FISEX</td>    <td>6.2</td>    <td>2.2</td>    <td>2.8</td>    <td>0.86</td>   </tr>   <tr>    <td>JPMorgan Equity Income / OIEIX</td>    <td>4.8</td>    <td>2.3</td>    <td>37.5</td>    <td>0.98</td>   </tr>   <tr>    <td>T. Rowe Price Dividend Growth / PRDGX</td>    <td>12.3</td>    <td>1.1</td>    <td>18</td>    <td>0.63</td>   </tr>   <tr>    <td>Vanguard Dividend Growth / VDIGX</td>    <td>8.5</td>    <td>1.8</td>    <td>47.4</td>    <td>0.27</td>   </tr>   <tr>    <td>Vanguard Dividend Appreciation / VIG</td>    <td>13.0</td>    <td>1.9</td>    <td>53.2</td>    <td>0.06</td>   </tr>   <tr>    <td>S&amp;P 500</td>    <td>16.7</td>    <td>1.5</td>    <td>NA</td>    <td>NA</td>   </tr>  </tbody> </table> Note: Returns as of Jan. 15. NA=Not applicable</p><p><blockquote><table><thead><tr><th>基金或指数/股票</th><th>1年回报</th><th>股息收益率</th><th>奥姆（比尔）</th><th>净费用率</th></tr></thead><tbody><tr><td>哥伦比亚股息收入 / GSFTX</td><td>9.2%</td><td>1.7%</td><td>$28.9</td><td>0.69%</td></tr><tr><td>富兰克林股票收益 / FISEX</td><td>6.2</td><td>2.2</td><td>2.8</td><td>0.86</td></tr><tr><td>摩根大通股票收益 / OIEIX</td><td>4.8</td><td>2.3</td><td>37.5</td><td>0.98</td></tr><tr><td>T. Rowe 价格股息增长 / PRDGX</td><td>12.3</td><td>1.1</td><td>18</td><td>0.63</td></tr><tr><td>先锋股息增长 / VDIGX</td><td>8.5</td><td>1.8</td><td>47.4</td><td>0.27</td></tr><tr><td>先锋股息增值 / VIG</td><td>13.0</td><td>1.9</td><td>53.2</td><td>0.06</td></tr><tr><td>标普500</td><td>16.7</td><td>1.5</td><td>纳</td><td>纳</td></tr></tbody></table>注：截至1月15日的退货。NA=不适用</blockquote></p><p> Sources: Morningstar; Bloomberg; company reports</p><p><blockquote>资料来源：晨星公司；彭博；公司报告</blockquote></p><p> However, Arnott argues that dividend stocks have acquitted themselves better during various other challenging periods—performance levels they may well return to in future rough patches. Over the 41 five-year rolling periods from 1976 through 2020, dividend stocks outpaced the broader market in 25 of those spans. But as with so much else during the pandemic, 2020 was an aberration for dividend stocks.</p><p><blockquote>然而，阿诺特认为，股息股票在其他各种具有挑战性的时期表现得更好——在未来的艰难时期，它们很可能会回到这些表现水平。从 1976 年到 2020 年的 41 个五年滚动期内，股息股票在其中 25 个时间段内跑赢了大盘。但与大流行期间的许多其他事情一样，2020 年对于股息股票来说是一个反常现象。</blockquote></p><p> “They’ve typically fared best during periods of slow economic growth and sluggish market returns, such as the early part of the [2000s] and in the 1980s, when stagflation dragged down market returns,” Arnott observed in her Jan. 11 note.</p><p><blockquote>“阿诺特在 1 月 11 日的报告中指出：”它们通常在经济增长缓慢和市场回报低迷的时期表现最好，比如 2000 年代初和 20 世纪 80 年代，滞胀拖累了市场回报。</blockquote></p><p> In contrast, dividend stocks trailed the broader market through much of the 1990s when the tech-stock bubble inflated. They “tend to fare worst during more ebullient times, such as 1995-99 and the generally strong period from 2016 through 2020,” she wrote.</p><p><blockquote>相比之下，在 20 世纪 90 年代科技股泡沫膨胀的大部分时间里，股息股票都落后于大盘。她写道，他们 “往往在更热闹的时期表现最差，如 1995-99 年和 2016 年至 2020 年的总体强劲时期”。</blockquote></p><p> Arnott also looked at the trailing 20-year returns and volatility, as measured by standard deviation, for dividend stocks. The MSCI USA High Dividend Yield Index had a 20-year annual return of 7.89%, versus 7.49% for the S&amp;P 500. That dividend index also was less volatile over that period, with a standard deviation of 13.23, nearly two percentage points better than the broader market’s 15.08.</p><p><blockquote>阿诺特还研究了股息股票过去 20 年的回报率和波动性（以标准差衡量）。MSCI 美国高股息收益率指数的 20 年年回报率为 7.89%，而标普500为 7.49%。在此期间，该股息指数的波动性也较小，标准差为 13.23，比大盘的 15.08 高出近两个百分点。</blockquote></p><p> “Stocks with above-average dividends have generally held up relatively well in previous market downturns,” Arnott wrote, pointing to the fourth quarter of 1987, the early 2000s, and the fourth quarter of 2018 as examples.</p><p><blockquote>“阿诺特以 1987 年第四季度、2000 年代初和 2018 年第四季度为例，写道：”股息高于平均水平的股票在以往的市场低迷时期通常表现相对较好。</blockquote></p><p> To supplement Arnott’s observations,<i>Barron’s</i>looked at some of the equity income funds we have written about in recent years. None of these funds have outperformed the S&amp;P 500 over the past 12 months.</p><p><blockquote>为了补充阿诺特的观察，<i>巴伦</i>看看我们近年来写的一些股票收益基金。过去 12 个月，这些基金的表现均未优于标普500。</blockquote></p><p> Nearly all of them, however, have finished in the top half of the Morningstar category when measured by three- and five-year returns—and many have strong performance over even longer periods as well.</p><p><blockquote>然而，以三年和五年回报率衡量，几乎所有这些公司都在晨星类别中名列前茅，而且许多公司在更长的时间内也表现出色。</blockquote></p><p> The T. Rowe Price Dividend Growth Fund (PRDGX), which tries togenerate income and capital appreciation, has a one-year return of 12.3%, ranking second among the funds included in the accompanying table.</p><p><blockquote>T. Rowe Price Dividend Growth Fund (PRDGX) 试图产生收入和资本增值，一年回报率为 12.3%，在附表中包含的基金中排名第二。</blockquote></p><p> As of Dec. 31, the portfolio’s top sector weighting was technology at 22.2%, followed by health care at 16.5%, and financials at 12.8%. Its top two holdings wereMicrosoft(MSFT), which yields 1%, andApple(AAPL), which yields 0.6%. Neither stock has a big yield. But Microsoft has returned about 36% over the past year, dividends included, and Apple has gained about 67%.</p><p><blockquote>截至 12 月 31 日，该投资组合的最大行业权重是科技，为 22.2%，其次是医疗保健，为 16.5%，金融，为 12.8%。其前两大持股分别是收益率为 1% 的微软 (MSFT) 和收益率为 0.6% 的苹果 (AAPL)。这两只股票的收益率都不高。但包括股息在内，微软过去一年的回报率约为 36%，苹果的回报率约为 67%。</blockquote></p><p></p><p> TheColumbia Dividend Income Fund(GSFTX) has a one-year return of 9.2%. A fourth-quarter tailwind forthe fundwas an overweight position in bank stocks such asBank of America(BAC), which yields 2.2%, andJPMorgan Chase(JPM), 2.7%.</p><p><blockquote>哥伦比亚股息收入基金（GSFTX）的一年回报率为9.2%。该基金第四季度的推动力是跑赢大盘持有银行股，例如收益率为 2.2% 的美国银行 (BAC) 和收益率为 2.7% 的摩根大通 (JPM)。</blockquote></p><p> “The segment benefited from the quarter’s rotation into value,” according to the fund managers’ commentary on the company’s website, adding that bank stocks helped as well.</p><p><blockquote>“根据基金经理在公司网站上的评论，该板块受益于本季度的价值轮动，”并补充说，银行股也起到了一定作用。</blockquote></p><p> The&nbsp;JPMorgan Equity Income Fund(OIEIX) had a tougher time of it, with a return of 4.8% over the past 12 months, placing it in the middle of the pack among its peers.</p><p><blockquote>摩根大通股票收益基金 (OIEIX) 的日子更加艰难，过去 12 个月的回报率为 4.8%，在同行中处于中游。</blockquote></p><p> Under longtime lead managerClare Hart, the portfolio has placed in the top half of its Morningstar peer group over the past three and five years and in the top 10% over the past 10 and 15 years. “Underperformance was predominantly a function of what we don’t own rather than what we do,” according to an assessment of the fund’s fourth-quarter performance by Hart and one of her colleagues, Jamie Steinhardt.</p><p><blockquote>在长期牵头经理克莱尔·哈特 (Clare Hart) 的领导下，该投资组合在过去三年和五年中位列晨星同行集团的前半部分，在过去 10 年和 15 年中位列前 10%。“根据哈特和她的一位同事杰米-斯坦哈特（Jamie Steinhardt）对该基金第四季度业绩的评估，表现不佳主要是我们没有什么，而不是我们做了什么。”</blockquote></p><p> The managers also pointed out thatBest Buy(BBY) andHome Depot(HD) “gave back some of their gains [despite] both companies reporting double-digit earnings growth.”</p><p><blockquote>经理们还指出，百思买（BBY）和家得宝（HD） “尽管两家公司的盈利都实现了两位数的增长”。</blockquote></p><p> The fund did benefit from financial holdings such as Bank of America.</p><p><blockquote>该基金确实受益于美国银行等金融控股公司。</blockquote></p><p> Actively managed funds aren’t the only option for investors. There are various ETFs, which typically hew to an index and don’t have a manager actively buying and selling stocks.</p><p><blockquote>主动管理基金并不是投资者的唯一选择。有各种各样的 ETF，它们通常与指数挂钩，没有经理主动买卖股票。</blockquote></p><p> TheVanguard Dividend Appreciation ETF(VIG) has a one-year return of 13%, tops among the funds included in the table, helped by an ultralow expense ratio of 0.06%.</p><p><blockquote>Vanguard Dividend Appreciation ETF (VIG) 的一年回报率为 13%，在表中基金中名列前茅，这得益于 0.06% 的超低费用率。</blockquote></p><p> The fund, which tries to track the Nasdaq US Dividend Achievers Select Index, recently held 212 stocks with a median market capitalization of about $158 billion, giving it a large-cap bent.</p><p><blockquote>该基金试图追踪纳斯达克美国股息实现者精选指数，最近持有 212 只股票，市值中位数约为 1,580 亿美元，具有大盘股倾向。</blockquote></p><p> As of Dec. 31, its biggest sector weighting was consumer discretionary at 22.8%, followed by industrials at 20.8%, and health care at 14.9%. Technology clocked in at 12.5%—showing that a dividend stock fund doesn’t have to have a big tech overweighting to perform well right now.</p><p><blockquote>截至12月31日，其最大的行业权重是非必需消费品，占22.8%，其次是工业，占20.8%，医疗保健，占14.9%。科技股占比为 12.5%，这表明股息股票基金并不一定要有大型科技股增持才能在目前表现良好。</blockquote></p><p> “The bottom line is that every down market is different, and dividend-oriented stocks won’t excel in every one,” Arnott wrote in her note’s conclusion. “Overall, though, they tend to hold up a bit better than average during times of market turbulence and have generated attractive risk-adjusted returns over longer periods.”</p><p><blockquote>“阿诺特在报告的结论中写道：”底线是，每个下跌市场都是不同的，以股息为导向的股票不会在每个下跌市场中都表现出色。“但总体而言，在市场动荡时期，它们的表现往往略好于平均水平，并在较长时间内产生了有吸引力的风险调整后回报。”</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>6 Dividend Funds for Long-Term Investors<blockquote>6只适合长期投资者的股息基金</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n6 Dividend Funds for Long-Term Investors<blockquote>6只适合长期投资者的股息基金</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-01-22 16:30</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Although dividend stocks lagged behind flashier tech stocks during the pandemic last year, their “long-term investment case remains solid.”</p><p><blockquote>尽管在去年的大流行病期间，股息股落后于更耀眼的科技股，但它们的 “长期投资理由依然坚实”。</blockquote></p><p> So concludes Amy Arnott, a portfolio strategist atMorningstar,in a recent note. A lot of the mutual funds that specialize in these stocks “really suffered from not having as much tech exposure” as other funds did, Arnott tells<i>Barron’s</i>. These equity income funds, Arnott adds, also took a hit owing to the manydividend cuts and suspensionslast year as companies tried to preserve cash.</p><p><blockquote>晨星投资组合策略师艾米·阿诺特 (Amy Arnott) 在最近的一份报告中总结道。阿诺特说，许多专注于这些股票的共同基金 “确实因为没有像其他基金那样拥有那么多的科技股而受到影响”。<i>巴伦</i>阿诺特补充说，由于去年公司试图保留现金，这些股票收益基金也受到了打击。</blockquote></p><p> From Feb. 19 of last year, when the market peaked at what was then a record high, through March 23, the average stock dividend fund had a return of minus 36.6%, versus minus 33.5% for the S&amp;P 500, according to Morningstar. The MSCI USA High Dividend Yield Index notched a slightly better result, with a gross return of minus 32.6% over that stretch.</p><p><blockquote>晨星公司的数据显示，从去年 2 月 19 日市场达到历史新高的峰值到 3 月 23 日，股票股息基金的平均回报率为负 36.6%，而标普500的平均回报率为负 33.5%。摩根士丹利资本国际美国高股息收益率指数的表现略好，在此期间的总回报率为负 32.6%。</blockquote></p><p> Looking at the full year, theTechnology Select Sector SPDR Fund(ticker: XLK), a proxy for large technology companies, returned 43.6% in 2020, well above theS&amp;P 500’s18.4% result or theS&amp;P 500 Dividend Aristocrats’ 8.7% return.</p><p><blockquote>从全年来看，代表大型科技公司的科技精选行业 SPDR 基金（股票代码：XLK）在 2020 年的回报率为 43.6%，远高于标准普尔 500 指数 18.4% 的业绩或标准普尔 500 指数 Dividend Aristocrats 指数 8.7% 的回报率。</blockquote></p><p> Beaten but Not BrokenDespite recent underperformance, the long-term case for dividend funds</p><p><blockquote>尽管近期表现不佳，但股息基金的长期情况仍然令人担忧，但并未崩溃</blockquote></p><p> <table>  <thead>   <tr>    <th>Fund or Index / Ticker</th>    <th>1-Year Return</th>    <th>Dividend Yield</th>    <th>AUM (bil)</th>    <th>Net Expense Ratio</th>   </tr>  </thead>  <tbody>   <tr>    <td>Columbia Dividend Income / GSFTX</td>    <td>9.2%</td>    <td>1.7%</td>    <td>$28.9</td>    <td>0.69%</td>   </tr>   <tr>    <td>Franklin Equity Income / FISEX</td>    <td>6.2</td>    <td>2.2</td>    <td>2.8</td>    <td>0.86</td>   </tr>   <tr>    <td>JPMorgan Equity Income / OIEIX</td>    <td>4.8</td>    <td>2.3</td>    <td>37.5</td>    <td>0.98</td>   </tr>   <tr>    <td>T. Rowe Price Dividend Growth / PRDGX</td>    <td>12.3</td>    <td>1.1</td>    <td>18</td>    <td>0.63</td>   </tr>   <tr>    <td>Vanguard Dividend Growth / VDIGX</td>    <td>8.5</td>    <td>1.8</td>    <td>47.4</td>    <td>0.27</td>   </tr>   <tr>    <td>Vanguard Dividend Appreciation / VIG</td>    <td>13.0</td>    <td>1.9</td>    <td>53.2</td>    <td>0.06</td>   </tr>   <tr>    <td>S&amp;P 500</td>    <td>16.7</td>    <td>1.5</td>    <td>NA</td>    <td>NA</td>   </tr>  </tbody> </table> Note: Returns as of Jan. 15. NA=Not applicable</p><p><blockquote><table><thead><tr><th>基金或指数/股票</th><th>1年回报</th><th>股息收益率</th><th>奥姆（比尔）</th><th>净费用率</th></tr></thead><tbody><tr><td>哥伦比亚股息收入 / GSFTX</td><td>9.2%</td><td>1.7%</td><td>$28.9</td><td>0.69%</td></tr><tr><td>富兰克林股票收益 / FISEX</td><td>6.2</td><td>2.2</td><td>2.8</td><td>0.86</td></tr><tr><td>摩根大通股票收益 / OIEIX</td><td>4.8</td><td>2.3</td><td>37.5</td><td>0.98</td></tr><tr><td>T. Rowe 价格股息增长 / PRDGX</td><td>12.3</td><td>1.1</td><td>18</td><td>0.63</td></tr><tr><td>先锋股息增长 / VDIGX</td><td>8.5</td><td>1.8</td><td>47.4</td><td>0.27</td></tr><tr><td>先锋股息增值 / VIG</td><td>13.0</td><td>1.9</td><td>53.2</td><td>0.06</td></tr><tr><td>标普500</td><td>16.7</td><td>1.5</td><td>纳</td><td>纳</td></tr></tbody></table>注：截至1月15日的退货。NA=不适用</blockquote></p><p> Sources: Morningstar; Bloomberg; company reports</p><p><blockquote>资料来源：晨星公司；彭博；公司报告</blockquote></p><p> However, Arnott argues that dividend stocks have acquitted themselves better during various other challenging periods—performance levels they may well return to in future rough patches. Over the 41 five-year rolling periods from 1976 through 2020, dividend stocks outpaced the broader market in 25 of those spans. But as with so much else during the pandemic, 2020 was an aberration for dividend stocks.</p><p><blockquote>然而，阿诺特认为，股息股票在其他各种具有挑战性的时期表现得更好——在未来的艰难时期，它们很可能会回到这些表现水平。从 1976 年到 2020 年的 41 个五年滚动期内，股息股票在其中 25 个时间段内跑赢了大盘。但与大流行期间的许多其他事情一样，2020 年对于股息股票来说是一个反常现象。</blockquote></p><p> “They’ve typically fared best during periods of slow economic growth and sluggish market returns, such as the early part of the [2000s] and in the 1980s, when stagflation dragged down market returns,” Arnott observed in her Jan. 11 note.</p><p><blockquote>“阿诺特在 1 月 11 日的报告中指出：”它们通常在经济增长缓慢和市场回报低迷的时期表现最好，比如 2000 年代初和 20 世纪 80 年代，滞胀拖累了市场回报。</blockquote></p><p> In contrast, dividend stocks trailed the broader market through much of the 1990s when the tech-stock bubble inflated. They “tend to fare worst during more ebullient times, such as 1995-99 and the generally strong period from 2016 through 2020,” she wrote.</p><p><blockquote>相比之下，在 20 世纪 90 年代科技股泡沫膨胀的大部分时间里，股息股票都落后于大盘。她写道，他们 “往往在更热闹的时期表现最差，如 1995-99 年和 2016 年至 2020 年的总体强劲时期”。</blockquote></p><p> Arnott also looked at the trailing 20-year returns and volatility, as measured by standard deviation, for dividend stocks. The MSCI USA High Dividend Yield Index had a 20-year annual return of 7.89%, versus 7.49% for the S&amp;P 500. That dividend index also was less volatile over that period, with a standard deviation of 13.23, nearly two percentage points better than the broader market’s 15.08.</p><p><blockquote>阿诺特还研究了股息股票过去 20 年的回报率和波动性（以标准差衡量）。MSCI 美国高股息收益率指数的 20 年年回报率为 7.89%，而标普500为 7.49%。在此期间，该股息指数的波动性也较小，标准差为 13.23，比大盘的 15.08 高出近两个百分点。</blockquote></p><p> “Stocks with above-average dividends have generally held up relatively well in previous market downturns,” Arnott wrote, pointing to the fourth quarter of 1987, the early 2000s, and the fourth quarter of 2018 as examples.</p><p><blockquote>“阿诺特以 1987 年第四季度、2000 年代初和 2018 年第四季度为例，写道：”股息高于平均水平的股票在以往的市场低迷时期通常表现相对较好。</blockquote></p><p> To supplement Arnott’s observations,<i>Barron’s</i>looked at some of the equity income funds we have written about in recent years. None of these funds have outperformed the S&amp;P 500 over the past 12 months.</p><p><blockquote>为了补充阿诺特的观察，<i>巴伦</i>看看我们近年来写的一些股票收益基金。过去 12 个月，这些基金的表现均未优于标普500。</blockquote></p><p> Nearly all of them, however, have finished in the top half of the Morningstar category when measured by three- and five-year returns—and many have strong performance over even longer periods as well.</p><p><blockquote>然而，以三年和五年回报率衡量，几乎所有这些公司都在晨星类别中名列前茅，而且许多公司在更长的时间内也表现出色。</blockquote></p><p> The T. Rowe Price Dividend Growth Fund (PRDGX), which tries togenerate income and capital appreciation, has a one-year return of 12.3%, ranking second among the funds included in the accompanying table.</p><p><blockquote>T. Rowe Price Dividend Growth Fund (PRDGX) 试图产生收入和资本增值，一年回报率为 12.3%，在附表中包含的基金中排名第二。</blockquote></p><p> As of Dec. 31, the portfolio’s top sector weighting was technology at 22.2%, followed by health care at 16.5%, and financials at 12.8%. Its top two holdings wereMicrosoft(MSFT), which yields 1%, andApple(AAPL), which yields 0.6%. Neither stock has a big yield. But Microsoft has returned about 36% over the past year, dividends included, and Apple has gained about 67%.</p><p><blockquote>截至 12 月 31 日，该投资组合的最大行业权重是科技，为 22.2%，其次是医疗保健，为 16.5%，金融，为 12.8%。其前两大持股分别是收益率为 1% 的微软 (MSFT) 和收益率为 0.6% 的苹果 (AAPL)。这两只股票的收益率都不高。但包括股息在内，微软过去一年的回报率约为 36%，苹果的回报率约为 67%。</blockquote></p><p></p><p> TheColumbia Dividend Income Fund(GSFTX) has a one-year return of 9.2%. A fourth-quarter tailwind forthe fundwas an overweight position in bank stocks such asBank of America(BAC), which yields 2.2%, andJPMorgan Chase(JPM), 2.7%.</p><p><blockquote>哥伦比亚股息收入基金（GSFTX）的一年回报率为9.2%。该基金第四季度的推动力是跑赢大盘持有银行股，例如收益率为 2.2% 的美国银行 (BAC) 和收益率为 2.7% 的摩根大通 (JPM)。</blockquote></p><p> “The segment benefited from the quarter’s rotation into value,” according to the fund managers’ commentary on the company’s website, adding that bank stocks helped as well.</p><p><blockquote>“根据基金经理在公司网站上的评论，该板块受益于本季度的价值轮动，”并补充说，银行股也起到了一定作用。</blockquote></p><p> The&nbsp;JPMorgan Equity Income Fund(OIEIX) had a tougher time of it, with a return of 4.8% over the past 12 months, placing it in the middle of the pack among its peers.</p><p><blockquote>摩根大通股票收益基金 (OIEIX) 的日子更加艰难，过去 12 个月的回报率为 4.8%，在同行中处于中游。</blockquote></p><p> Under longtime lead managerClare Hart, the portfolio has placed in the top half of its Morningstar peer group over the past three and five years and in the top 10% over the past 10 and 15 years. “Underperformance was predominantly a function of what we don’t own rather than what we do,” according to an assessment of the fund’s fourth-quarter performance by Hart and one of her colleagues, Jamie Steinhardt.</p><p><blockquote>在长期牵头经理克莱尔·哈特 (Clare Hart) 的领导下，该投资组合在过去三年和五年中位列晨星同行集团的前半部分，在过去 10 年和 15 年中位列前 10%。“根据哈特和她的一位同事杰米-斯坦哈特（Jamie Steinhardt）对该基金第四季度业绩的评估，表现不佳主要是我们没有什么，而不是我们做了什么。”</blockquote></p><p> The managers also pointed out thatBest Buy(BBY) andHome Depot(HD) “gave back some of their gains [despite] both companies reporting double-digit earnings growth.”</p><p><blockquote>经理们还指出，百思买（BBY）和家得宝（HD） “尽管两家公司的盈利都实现了两位数的增长”。</blockquote></p><p> The fund did benefit from financial holdings such as Bank of America.</p><p><blockquote>该基金确实受益于美国银行等金融控股公司。</blockquote></p><p> Actively managed funds aren’t the only option for investors. There are various ETFs, which typically hew to an index and don’t have a manager actively buying and selling stocks.</p><p><blockquote>主动管理基金并不是投资者的唯一选择。有各种各样的 ETF，它们通常与指数挂钩，没有经理主动买卖股票。</blockquote></p><p> TheVanguard Dividend Appreciation ETF(VIG) has a one-year return of 13%, tops among the funds included in the table, helped by an ultralow expense ratio of 0.06%.</p><p><blockquote>Vanguard Dividend Appreciation ETF (VIG) 的一年回报率为 13%，在表中基金中名列前茅，这得益于 0.06% 的超低费用率。</blockquote></p><p> The fund, which tries to track the Nasdaq US Dividend Achievers Select Index, recently held 212 stocks with a median market capitalization of about $158 billion, giving it a large-cap bent.</p><p><blockquote>该基金试图追踪纳斯达克美国股息实现者精选指数，最近持有 212 只股票，市值中位数约为 1,580 亿美元，具有大盘股倾向。</blockquote></p><p> As of Dec. 31, its biggest sector weighting was consumer discretionary at 22.8%, followed by industrials at 20.8%, and health care at 14.9%. Technology clocked in at 12.5%—showing that a dividend stock fund doesn’t have to have a big tech overweighting to perform well right now.</p><p><blockquote>截至12月31日，其最大的行业权重是非必需消费品，占22.8%，其次是工业，占20.8%，医疗保健，占14.9%。科技股占比为 12.5%，这表明股息股票基金并不一定要有大型科技股增持才能在目前表现良好。</blockquote></p><p> “The bottom line is that every down market is different, and dividend-oriented stocks won’t excel in every one,” Arnott wrote in her note’s conclusion. “Overall, though, they tend to hold up a bit better than average during times of market turbulence and have generated attractive risk-adjusted returns over longer periods.”</p><p><blockquote>“阿诺特在报告的结论中写道：”底线是，每个下跌市场都是不同的，以股息为导向的股票不会在每个下跌市场中都表现出色。“但总体而言，在市场动荡时期，它们的表现往往略好于平均水平，并在较长时间内产生了有吸引力的风险调整后回报。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/6-dividend-funds-for-long-term-investors-51611244802?mod=hp_LEADSUPP_2\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/6-dividend-funds-for-long-term-investors-51611244802?mod=hp_LEADSUPP_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186615938","content_text":"Although dividend stocks lagged behind flashier tech stocks during the pandemic last year, their “long-term investment case remains solid.”\nSo concludes Amy Arnott, a portfolio strategist atMorningstar,in a recent note. A lot of the mutual funds that specialize in these stocks “really suffered from not having as much tech exposure” as other funds did, Arnott tellsBarron’s. These equity income funds, Arnott adds, also took a hit owing to the manydividend cuts and suspensionslast year as companies tried to preserve cash.\nFrom Feb. 19 of last year, when the market peaked at what was then a record high, through March 23, the average stock dividend fund had a return of minus 36.6%, versus minus 33.5% for the S&P 500, according to Morningstar. The MSCI USA High Dividend Yield Index notched a slightly better result, with a gross return of minus 32.6% over that stretch.\nLooking at the full year, theTechnology Select Sector SPDR Fund(ticker: XLK), a proxy for large technology companies, returned 43.6% in 2020, well above theS&P 500’s18.4% result or theS&P 500 Dividend Aristocrats’ 8.7% return.\nBeaten but Not BrokenDespite recent underperformance, the long-term case for dividend funds\n\n\n\nFund or Index / Ticker\n1-Year Return\nDividend Yield\nAUM (bil)\nNet Expense Ratio\n\n\n\n\nColumbia Dividend Income / GSFTX\n9.2%\n1.7%\n$28.9\n0.69%\n\n\nFranklin Equity Income / FISEX\n6.2\n2.2\n2.8\n0.86\n\n\nJPMorgan Equity Income / OIEIX\n4.8\n2.3\n37.5\n0.98\n\n\nT. Rowe Price Dividend Growth / PRDGX\n12.3\n1.1\n18\n0.63\n\n\nVanguard Dividend Growth / VDIGX\n8.5\n1.8\n47.4\n0.27\n\n\nVanguard Dividend Appreciation / VIG\n13.0\n1.9\n53.2\n0.06\n\n\nS&P 500\n16.7\n1.5\nNA\nNA\n\n\n\nNote: Returns as of Jan. 15. NA=Not applicable\nSources: Morningstar; Bloomberg; company reports\nHowever, Arnott argues that dividend stocks have acquitted themselves better during various other challenging periods—performance levels they may well return to in future rough patches. Over the 41 five-year rolling periods from 1976 through 2020, dividend stocks outpaced the broader market in 25 of those spans. But as with so much else during the pandemic, 2020 was an aberration for dividend stocks.\n“They’ve typically fared best during periods of slow economic growth and sluggish market returns, such as the early part of the [2000s] and in the 1980s, when stagflation dragged down market returns,” Arnott observed in her Jan. 11 note.\nIn contrast, dividend stocks trailed the broader market through much of the 1990s when the tech-stock bubble inflated. They “tend to fare worst during more ebullient times, such as 1995-99 and the generally strong period from 2016 through 2020,” she wrote.\nArnott also looked at the trailing 20-year returns and volatility, as measured by standard deviation, for dividend stocks. The MSCI USA High Dividend Yield Index had a 20-year annual return of 7.89%, versus 7.49% for the S&P 500. That dividend index also was less volatile over that period, with a standard deviation of 13.23, nearly two percentage points better than the broader market’s 15.08.\n“Stocks with above-average dividends have generally held up relatively well in previous market downturns,” Arnott wrote, pointing to the fourth quarter of 1987, the early 2000s, and the fourth quarter of 2018 as examples.\nTo supplement Arnott’s observations,Barron’slooked at some of the equity income funds we have written about in recent years. None of these funds have outperformed the S&P 500 over the past 12 months.\nNearly all of them, however, have finished in the top half of the Morningstar category when measured by three- and five-year returns—and many have strong performance over even longer periods as well.\nThe T. Rowe Price Dividend Growth Fund (PRDGX), which tries togenerate income and capital appreciation, has a one-year return of 12.3%, ranking second among the funds included in the accompanying table.\nAs of Dec. 31, the portfolio’s top sector weighting was technology at 22.2%, followed by health care at 16.5%, and financials at 12.8%. Its top two holdings wereMicrosoft(MSFT), which yields 1%, andApple(AAPL), which yields 0.6%. Neither stock has a big yield. But Microsoft has returned about 36% over the past year, dividends included, and Apple has gained about 67%.\nTheColumbia Dividend Income Fund(GSFTX) has a one-year return of 9.2%. A fourth-quarter tailwind forthe fundwas an overweight position in bank stocks such asBank of America(BAC), which yields 2.2%, andJPMorgan Chase(JPM), 2.7%.\n“The segment benefited from the quarter’s rotation into value,” according to the fund managers’ commentary on the company’s website, adding that bank stocks helped as well.\nThe JPMorgan Equity Income Fund(OIEIX) had a tougher time of it, with a return of 4.8% over the past 12 months, placing it in the middle of the pack among its peers.\nUnder longtime lead managerClare Hart, the portfolio has placed in the top half of its Morningstar peer group over the past three and five years and in the top 10% over the past 10 and 15 years. “Underperformance was predominantly a function of what we don’t own rather than what we do,” according to an assessment of the fund’s fourth-quarter performance by Hart and one of her colleagues, Jamie Steinhardt.\nThe managers also pointed out thatBest Buy(BBY) andHome Depot(HD) “gave back some of their gains [despite] both companies reporting double-digit earnings growth.”\nThe fund did benefit from financial holdings such as Bank of America.\nActively managed funds aren’t the only option for investors. There are various ETFs, which typically hew to an index and don’t have a manager actively buying and selling stocks.\nTheVanguard Dividend Appreciation ETF(VIG) has a one-year return of 13%, tops among the funds included in the table, helped by an ultralow expense ratio of 0.06%.\nThe fund, which tries to track the Nasdaq US Dividend Achievers Select Index, recently held 212 stocks with a median market capitalization of about $158 billion, giving it a large-cap bent.\nAs of Dec. 31, its biggest sector weighting was consumer discretionary at 22.8%, followed by industrials at 20.8%, and health care at 14.9%. Technology clocked in at 12.5%—showing that a dividend stock fund doesn’t have to have a big tech overweighting to perform well right now.\n“The bottom line is that every down market is different, and dividend-oriented stocks won’t excel in every one,” Arnott wrote in her note’s conclusion. “Overall, though, they tend to hold up a bit better than average during times of market turbulence and have generated attractive risk-adjusted returns over longer periods.”","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1160,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":312161918,"gmtCreate":1612068028834,"gmtModify":1703757610134,"author":{"id":"3570617809207113","authorId":"3570617809207113","name":"Donn","avatar":"https://static.tigerbbs.com/ba1b57c564d3f11854c26a2bf9847d97","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570617809207113","idStr":"3570617809207113"},"themes":[],"title":"","htmlText":"CROOKS!","listText":"CROOKS!","text":"CROOKS!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/312161918","repostId":"1137182252","repostType":4,"isVote":1,"tweetType":1,"viewCount":3800,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":310786236,"gmtCreate":1611373410025,"gmtModify":1703750278150,"author":{"id":"3570617809207113","authorId":"3570617809207113","name":"Donn","avatar":"https://static.tigerbbs.com/ba1b57c564d3f11854c26a2bf9847d97","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570617809207113","idStr":"3570617809207113"},"themes":[],"title":"","htmlText":"Good read","listText":"Good read","text":"Good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/310786236","repostId":"1186615938","repostType":4,"repost":{"id":"1186615938","kind":"news","pubTimestamp":1611304246,"share":"https://www.laohunote.com/m/news/1186615938?lang=zh_CN&edition=full","pubTime":"2021-01-22 16:30","market":"us","language":"en","title":"6 Dividend Funds for Long-Term Investors<blockquote>6只适合长期投资者的股息基金</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1186615938","media":"Barrons","summary":"Although dividend stocks lagged behind flashier tech stocks during the pandemic last year, their “lo","content":"<p>Although dividend stocks lagged behind flashier tech stocks during the pandemic last year, their “long-term investment case remains solid.”</p><p><blockquote>尽管在去年的大流行病期间，股息股落后于更耀眼的科技股，但它们的 “长期投资理由依然坚实”。</blockquote></p><p> So concludes Amy Arnott, a portfolio strategist atMorningstar,in a recent note. A lot of the mutual funds that specialize in these stocks “really suffered from not having as much tech exposure” as other funds did, Arnott tells<i>Barron’s</i>. These equity income funds, Arnott adds, also took a hit owing to the manydividend cuts and suspensionslast year as companies tried to preserve cash.</p><p><blockquote>晨星投资组合策略师艾米·阿诺特 (Amy Arnott) 在最近的一份报告中总结道。阿诺特说，许多专注于这些股票的共同基金 “确实因为没有像其他基金那样拥有那么多的科技股而受到影响”。<i>巴伦</i>阿诺特补充说，由于去年公司试图保留现金，这些股票收益基金也受到了打击。</blockquote></p><p> From Feb. 19 of last year, when the market peaked at what was then a record high, through March 23, the average stock dividend fund had a return of minus 36.6%, versus minus 33.5% for the S&amp;P 500, according to Morningstar. The MSCI USA High Dividend Yield Index notched a slightly better result, with a gross return of minus 32.6% over that stretch.</p><p><blockquote>晨星公司的数据显示，从去年 2 月 19 日市场达到历史新高的峰值到 3 月 23 日，股票股息基金的平均回报率为负 36.6%，而标普500的平均回报率为负 33.5%。摩根士丹利资本国际美国高股息收益率指数的表现略好，在此期间的总回报率为负 32.6%。</blockquote></p><p> Looking at the full year, theTechnology Select Sector SPDR Fund(ticker: XLK), a proxy for large technology companies, returned 43.6% in 2020, well above theS&amp;P 500’s18.4% result or theS&amp;P 500 Dividend Aristocrats’ 8.7% return.</p><p><blockquote>从全年来看，代表大型科技公司的科技精选行业 SPDR 基金（股票代码：XLK）在 2020 年的回报率为 43.6%，远高于标准普尔 500 指数 18.4% 的业绩或标准普尔 500 指数 Dividend Aristocrats 指数 8.7% 的回报率。</blockquote></p><p> Beaten but Not BrokenDespite recent underperformance, the long-term case for dividend funds</p><p><blockquote>尽管近期表现不佳，但股息基金的长期情况仍然令人担忧，但并未崩溃</blockquote></p><p> <table>  <thead>   <tr>    <th>Fund or Index / Ticker</th>    <th>1-Year Return</th>    <th>Dividend Yield</th>    <th>AUM (bil)</th>    <th>Net Expense Ratio</th>   </tr>  </thead>  <tbody>   <tr>    <td>Columbia Dividend Income / GSFTX</td>    <td>9.2%</td>    <td>1.7%</td>    <td>$28.9</td>    <td>0.69%</td>   </tr>   <tr>    <td>Franklin Equity Income / FISEX</td>    <td>6.2</td>    <td>2.2</td>    <td>2.8</td>    <td>0.86</td>   </tr>   <tr>    <td>JPMorgan Equity Income / OIEIX</td>    <td>4.8</td>    <td>2.3</td>    <td>37.5</td>    <td>0.98</td>   </tr>   <tr>    <td>T. Rowe Price Dividend Growth / PRDGX</td>    <td>12.3</td>    <td>1.1</td>    <td>18</td>    <td>0.63</td>   </tr>   <tr>    <td>Vanguard Dividend Growth / VDIGX</td>    <td>8.5</td>    <td>1.8</td>    <td>47.4</td>    <td>0.27</td>   </tr>   <tr>    <td>Vanguard Dividend Appreciation / VIG</td>    <td>13.0</td>    <td>1.9</td>    <td>53.2</td>    <td>0.06</td>   </tr>   <tr>    <td>S&amp;P 500</td>    <td>16.7</td>    <td>1.5</td>    <td>NA</td>    <td>NA</td>   </tr>  </tbody> </table> Note: Returns as of Jan. 15. NA=Not applicable</p><p><blockquote><table><thead><tr><th>基金或指数/股票</th><th>1年回报</th><th>股息收益率</th><th>奥姆（比尔）</th><th>净费用率</th></tr></thead><tbody><tr><td>哥伦比亚股息收入 / GSFTX</td><td>9.2%</td><td>1.7%</td><td>$28.9</td><td>0.69%</td></tr><tr><td>富兰克林股票收益 / FISEX</td><td>6.2</td><td>2.2</td><td>2.8</td><td>0.86</td></tr><tr><td>摩根大通股票收益 / OIEIX</td><td>4.8</td><td>2.3</td><td>37.5</td><td>0.98</td></tr><tr><td>T. Rowe 价格股息增长 / PRDGX</td><td>12.3</td><td>1.1</td><td>18</td><td>0.63</td></tr><tr><td>先锋股息增长 / VDIGX</td><td>8.5</td><td>1.8</td><td>47.4</td><td>0.27</td></tr><tr><td>先锋股息增值 / VIG</td><td>13.0</td><td>1.9</td><td>53.2</td><td>0.06</td></tr><tr><td>标普500</td><td>16.7</td><td>1.5</td><td>纳</td><td>纳</td></tr></tbody></table>注：截至1月15日的退货。NA=不适用</blockquote></p><p> Sources: Morningstar; Bloomberg; company reports</p><p><blockquote>资料来源：晨星公司；彭博；公司报告</blockquote></p><p> However, Arnott argues that dividend stocks have acquitted themselves better during various other challenging periods—performance levels they may well return to in future rough patches. Over the 41 five-year rolling periods from 1976 through 2020, dividend stocks outpaced the broader market in 25 of those spans. But as with so much else during the pandemic, 2020 was an aberration for dividend stocks.</p><p><blockquote>然而，阿诺特认为，股息股票在其他各种具有挑战性的时期表现得更好——在未来的艰难时期，它们很可能会回到这些表现水平。从 1976 年到 2020 年的 41 个五年滚动期内，股息股票在其中 25 个时间段内跑赢了大盘。但与大流行期间的许多其他事情一样，2020 年对于股息股票来说是一个反常现象。</blockquote></p><p> “They’ve typically fared best during periods of slow economic growth and sluggish market returns, such as the early part of the [2000s] and in the 1980s, when stagflation dragged down market returns,” Arnott observed in her Jan. 11 note.</p><p><blockquote>“阿诺特在 1 月 11 日的报告中指出：”它们通常在经济增长缓慢和市场回报低迷的时期表现最好，比如 2000 年代初和 20 世纪 80 年代，滞胀拖累了市场回报。</blockquote></p><p> In contrast, dividend stocks trailed the broader market through much of the 1990s when the tech-stock bubble inflated. They “tend to fare worst during more ebullient times, such as 1995-99 and the generally strong period from 2016 through 2020,” she wrote.</p><p><blockquote>相比之下，在 20 世纪 90 年代科技股泡沫膨胀的大部分时间里，股息股票都落后于大盘。她写道，他们 “往往在更热闹的时期表现最差，如 1995-99 年和 2016 年至 2020 年的总体强劲时期”。</blockquote></p><p> Arnott also looked at the trailing 20-year returns and volatility, as measured by standard deviation, for dividend stocks. The MSCI USA High Dividend Yield Index had a 20-year annual return of 7.89%, versus 7.49% for the S&amp;P 500. That dividend index also was less volatile over that period, with a standard deviation of 13.23, nearly two percentage points better than the broader market’s 15.08.</p><p><blockquote>阿诺特还研究了股息股票过去 20 年的回报率和波动性（以标准差衡量）。MSCI 美国高股息收益率指数的 20 年年回报率为 7.89%，而标普500为 7.49%。在此期间，该股息指数的波动性也较小，标准差为 13.23，比大盘的 15.08 高出近两个百分点。</blockquote></p><p> “Stocks with above-average dividends have generally held up relatively well in previous market downturns,” Arnott wrote, pointing to the fourth quarter of 1987, the early 2000s, and the fourth quarter of 2018 as examples.</p><p><blockquote>“阿诺特以 1987 年第四季度、2000 年代初和 2018 年第四季度为例，写道：”股息高于平均水平的股票在以往的市场低迷时期通常表现相对较好。</blockquote></p><p> To supplement Arnott’s observations,<i>Barron’s</i>looked at some of the equity income funds we have written about in recent years. None of these funds have outperformed the S&amp;P 500 over the past 12 months.</p><p><blockquote>为了补充阿诺特的观察，<i>巴伦</i>看看我们近年来写的一些股票收益基金。过去 12 个月，这些基金的表现均未优于标普500。</blockquote></p><p> Nearly all of them, however, have finished in the top half of the Morningstar category when measured by three- and five-year returns—and many have strong performance over even longer periods as well.</p><p><blockquote>然而，以三年和五年回报率衡量，几乎所有这些公司都在晨星类别中名列前茅，而且许多公司在更长的时间内也表现出色。</blockquote></p><p> The T. Rowe Price Dividend Growth Fund (PRDGX), which tries togenerate income and capital appreciation, has a one-year return of 12.3%, ranking second among the funds included in the accompanying table.</p><p><blockquote>T. Rowe Price Dividend Growth Fund (PRDGX) 试图产生收入和资本增值，一年回报率为 12.3%，在附表中包含的基金中排名第二。</blockquote></p><p> As of Dec. 31, the portfolio’s top sector weighting was technology at 22.2%, followed by health care at 16.5%, and financials at 12.8%. Its top two holdings wereMicrosoft(MSFT), which yields 1%, andApple(AAPL), which yields 0.6%. Neither stock has a big yield. But Microsoft has returned about 36% over the past year, dividends included, and Apple has gained about 67%.</p><p><blockquote>截至 12 月 31 日，该投资组合的最大行业权重是科技，为 22.2%，其次是医疗保健，为 16.5%，金融，为 12.8%。其前两大持股分别是收益率为 1% 的微软 (MSFT) 和收益率为 0.6% 的苹果 (AAPL)。这两只股票的收益率都不高。但包括股息在内，微软过去一年的回报率约为 36%，苹果的回报率约为 67%。</blockquote></p><p></p><p> TheColumbia Dividend Income Fund(GSFTX) has a one-year return of 9.2%. A fourth-quarter tailwind forthe fundwas an overweight position in bank stocks such asBank of America(BAC), which yields 2.2%, andJPMorgan Chase(JPM), 2.7%.</p><p><blockquote>哥伦比亚股息收入基金（GSFTX）的一年回报率为9.2%。该基金第四季度的推动力是跑赢大盘持有银行股，例如收益率为 2.2% 的美国银行 (BAC) 和收益率为 2.7% 的摩根大通 (JPM)。</blockquote></p><p> “The segment benefited from the quarter’s rotation into value,” according to the fund managers’ commentary on the company’s website, adding that bank stocks helped as well.</p><p><blockquote>“根据基金经理在公司网站上的评论，该板块受益于本季度的价值轮动，”并补充说，银行股也起到了一定作用。</blockquote></p><p> The&nbsp;JPMorgan Equity Income Fund(OIEIX) had a tougher time of it, with a return of 4.8% over the past 12 months, placing it in the middle of the pack among its peers.</p><p><blockquote>摩根大通股票收益基金 (OIEIX) 的日子更加艰难，过去 12 个月的回报率为 4.8%，在同行中处于中游。</blockquote></p><p> Under longtime lead managerClare Hart, the portfolio has placed in the top half of its Morningstar peer group over the past three and five years and in the top 10% over the past 10 and 15 years. “Underperformance was predominantly a function of what we don’t own rather than what we do,” according to an assessment of the fund’s fourth-quarter performance by Hart and one of her colleagues, Jamie Steinhardt.</p><p><blockquote>在长期牵头经理克莱尔·哈特 (Clare Hart) 的领导下，该投资组合在过去三年和五年中位列晨星同行集团的前半部分，在过去 10 年和 15 年中位列前 10%。“根据哈特和她的一位同事杰米-斯坦哈特（Jamie Steinhardt）对该基金第四季度业绩的评估，表现不佳主要是我们没有什么，而不是我们做了什么。”</blockquote></p><p> The managers also pointed out thatBest Buy(BBY) andHome Depot(HD) “gave back some of their gains [despite] both companies reporting double-digit earnings growth.”</p><p><blockquote>经理们还指出，百思买（BBY）和家得宝（HD） “尽管两家公司的盈利都实现了两位数的增长”。</blockquote></p><p> The fund did benefit from financial holdings such as Bank of America.</p><p><blockquote>该基金确实受益于美国银行等金融控股公司。</blockquote></p><p> Actively managed funds aren’t the only option for investors. There are various ETFs, which typically hew to an index and don’t have a manager actively buying and selling stocks.</p><p><blockquote>主动管理基金并不是投资者的唯一选择。有各种各样的 ETF，它们通常与指数挂钩，没有经理主动买卖股票。</blockquote></p><p> TheVanguard Dividend Appreciation ETF(VIG) has a one-year return of 13%, tops among the funds included in the table, helped by an ultralow expense ratio of 0.06%.</p><p><blockquote>Vanguard Dividend Appreciation ETF (VIG) 的一年回报率为 13%，在表中基金中名列前茅，这得益于 0.06% 的超低费用率。</blockquote></p><p> The fund, which tries to track the Nasdaq US Dividend Achievers Select Index, recently held 212 stocks with a median market capitalization of about $158 billion, giving it a large-cap bent.</p><p><blockquote>该基金试图追踪纳斯达克美国股息实现者精选指数，最近持有 212 只股票，市值中位数约为 1,580 亿美元，具有大盘股倾向。</blockquote></p><p> As of Dec. 31, its biggest sector weighting was consumer discretionary at 22.8%, followed by industrials at 20.8%, and health care at 14.9%. Technology clocked in at 12.5%—showing that a dividend stock fund doesn’t have to have a big tech overweighting to perform well right now.</p><p><blockquote>截至12月31日，其最大的行业权重是非必需消费品，占22.8%，其次是工业，占20.8%，医疗保健，占14.9%。科技股占比为 12.5%，这表明股息股票基金并不一定要有大型科技股增持才能在目前表现良好。</blockquote></p><p> “The bottom line is that every down market is different, and dividend-oriented stocks won’t excel in every one,” Arnott wrote in her note’s conclusion. “Overall, though, they tend to hold up a bit better than average during times of market turbulence and have generated attractive risk-adjusted returns over longer periods.”</p><p><blockquote>“阿诺特在报告的结论中写道：”底线是，每个下跌市场都是不同的，以股息为导向的股票不会在每个下跌市场中都表现出色。“但总体而言，在市场动荡时期，它们的表现往往略好于平均水平，并在较长时间内产生了有吸引力的风险调整后回报。”</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>6 Dividend Funds for Long-Term Investors<blockquote>6只适合长期投资者的股息基金</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n6 Dividend Funds for Long-Term Investors<blockquote>6只适合长期投资者的股息基金</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-01-22 16:30</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Although dividend stocks lagged behind flashier tech stocks during the pandemic last year, their “long-term investment case remains solid.”</p><p><blockquote>尽管在去年的大流行病期间，股息股落后于更耀眼的科技股，但它们的 “长期投资理由依然坚实”。</blockquote></p><p> So concludes Amy Arnott, a portfolio strategist atMorningstar,in a recent note. A lot of the mutual funds that specialize in these stocks “really suffered from not having as much tech exposure” as other funds did, Arnott tells<i>Barron’s</i>. These equity income funds, Arnott adds, also took a hit owing to the manydividend cuts and suspensionslast year as companies tried to preserve cash.</p><p><blockquote>晨星投资组合策略师艾米·阿诺特 (Amy Arnott) 在最近的一份报告中总结道。阿诺特说，许多专注于这些股票的共同基金 “确实因为没有像其他基金那样拥有那么多的科技股而受到影响”。<i>巴伦</i>阿诺特补充说，由于去年公司试图保留现金，这些股票收益基金也受到了打击。</blockquote></p><p> From Feb. 19 of last year, when the market peaked at what was then a record high, through March 23, the average stock dividend fund had a return of minus 36.6%, versus minus 33.5% for the S&amp;P 500, according to Morningstar. The MSCI USA High Dividend Yield Index notched a slightly better result, with a gross return of minus 32.6% over that stretch.</p><p><blockquote>晨星公司的数据显示，从去年 2 月 19 日市场达到历史新高的峰值到 3 月 23 日，股票股息基金的平均回报率为负 36.6%，而标普500的平均回报率为负 33.5%。摩根士丹利资本国际美国高股息收益率指数的表现略好，在此期间的总回报率为负 32.6%。</blockquote></p><p> Looking at the full year, theTechnology Select Sector SPDR Fund(ticker: XLK), a proxy for large technology companies, returned 43.6% in 2020, well above theS&amp;P 500’s18.4% result or theS&amp;P 500 Dividend Aristocrats’ 8.7% return.</p><p><blockquote>从全年来看，代表大型科技公司的科技精选行业 SPDR 基金（股票代码：XLK）在 2020 年的回报率为 43.6%，远高于标准普尔 500 指数 18.4% 的业绩或标准普尔 500 指数 Dividend Aristocrats 指数 8.7% 的回报率。</blockquote></p><p> Beaten but Not BrokenDespite recent underperformance, the long-term case for dividend funds</p><p><blockquote>尽管近期表现不佳，但股息基金的长期情况仍然令人担忧，但并未崩溃</blockquote></p><p> <table>  <thead>   <tr>    <th>Fund or Index / Ticker</th>    <th>1-Year Return</th>    <th>Dividend Yield</th>    <th>AUM (bil)</th>    <th>Net Expense Ratio</th>   </tr>  </thead>  <tbody>   <tr>    <td>Columbia Dividend Income / GSFTX</td>    <td>9.2%</td>    <td>1.7%</td>    <td>$28.9</td>    <td>0.69%</td>   </tr>   <tr>    <td>Franklin Equity Income / FISEX</td>    <td>6.2</td>    <td>2.2</td>    <td>2.8</td>    <td>0.86</td>   </tr>   <tr>    <td>JPMorgan Equity Income / OIEIX</td>    <td>4.8</td>    <td>2.3</td>    <td>37.5</td>    <td>0.98</td>   </tr>   <tr>    <td>T. Rowe Price Dividend Growth / PRDGX</td>    <td>12.3</td>    <td>1.1</td>    <td>18</td>    <td>0.63</td>   </tr>   <tr>    <td>Vanguard Dividend Growth / VDIGX</td>    <td>8.5</td>    <td>1.8</td>    <td>47.4</td>    <td>0.27</td>   </tr>   <tr>    <td>Vanguard Dividend Appreciation / VIG</td>    <td>13.0</td>    <td>1.9</td>    <td>53.2</td>    <td>0.06</td>   </tr>   <tr>    <td>S&amp;P 500</td>    <td>16.7</td>    <td>1.5</td>    <td>NA</td>    <td>NA</td>   </tr>  </tbody> </table> Note: Returns as of Jan. 15. NA=Not applicable</p><p><blockquote><table><thead><tr><th>基金或指数/股票</th><th>1年回报</th><th>股息收益率</th><th>奥姆（比尔）</th><th>净费用率</th></tr></thead><tbody><tr><td>哥伦比亚股息收入 / GSFTX</td><td>9.2%</td><td>1.7%</td><td>$28.9</td><td>0.69%</td></tr><tr><td>富兰克林股票收益 / FISEX</td><td>6.2</td><td>2.2</td><td>2.8</td><td>0.86</td></tr><tr><td>摩根大通股票收益 / OIEIX</td><td>4.8</td><td>2.3</td><td>37.5</td><td>0.98</td></tr><tr><td>T. Rowe 价格股息增长 / PRDGX</td><td>12.3</td><td>1.1</td><td>18</td><td>0.63</td></tr><tr><td>先锋股息增长 / VDIGX</td><td>8.5</td><td>1.8</td><td>47.4</td><td>0.27</td></tr><tr><td>先锋股息增值 / VIG</td><td>13.0</td><td>1.9</td><td>53.2</td><td>0.06</td></tr><tr><td>标普500</td><td>16.7</td><td>1.5</td><td>纳</td><td>纳</td></tr></tbody></table>注：截至1月15日的退货。NA=不适用</blockquote></p><p> Sources: Morningstar; Bloomberg; company reports</p><p><blockquote>资料来源：晨星公司；彭博；公司报告</blockquote></p><p> However, Arnott argues that dividend stocks have acquitted themselves better during various other challenging periods—performance levels they may well return to in future rough patches. Over the 41 five-year rolling periods from 1976 through 2020, dividend stocks outpaced the broader market in 25 of those spans. But as with so much else during the pandemic, 2020 was an aberration for dividend stocks.</p><p><blockquote>然而，阿诺特认为，股息股票在其他各种具有挑战性的时期表现得更好——在未来的艰难时期，它们很可能会回到这些表现水平。从 1976 年到 2020 年的 41 个五年滚动期内，股息股票在其中 25 个时间段内跑赢了大盘。但与大流行期间的许多其他事情一样，2020 年对于股息股票来说是一个反常现象。</blockquote></p><p> “They’ve typically fared best during periods of slow economic growth and sluggish market returns, such as the early part of the [2000s] and in the 1980s, when stagflation dragged down market returns,” Arnott observed in her Jan. 11 note.</p><p><blockquote>“阿诺特在 1 月 11 日的报告中指出：”它们通常在经济增长缓慢和市场回报低迷的时期表现最好，比如 2000 年代初和 20 世纪 80 年代，滞胀拖累了市场回报。</blockquote></p><p> In contrast, dividend stocks trailed the broader market through much of the 1990s when the tech-stock bubble inflated. They “tend to fare worst during more ebullient times, such as 1995-99 and the generally strong period from 2016 through 2020,” she wrote.</p><p><blockquote>相比之下，在 20 世纪 90 年代科技股泡沫膨胀的大部分时间里，股息股票都落后于大盘。她写道，他们 “往往在更热闹的时期表现最差，如 1995-99 年和 2016 年至 2020 年的总体强劲时期”。</blockquote></p><p> Arnott also looked at the trailing 20-year returns and volatility, as measured by standard deviation, for dividend stocks. The MSCI USA High Dividend Yield Index had a 20-year annual return of 7.89%, versus 7.49% for the S&amp;P 500. That dividend index also was less volatile over that period, with a standard deviation of 13.23, nearly two percentage points better than the broader market’s 15.08.</p><p><blockquote>阿诺特还研究了股息股票过去 20 年的回报率和波动性（以标准差衡量）。MSCI 美国高股息收益率指数的 20 年年回报率为 7.89%，而标普500为 7.49%。在此期间，该股息指数的波动性也较小，标准差为 13.23，比大盘的 15.08 高出近两个百分点。</blockquote></p><p> “Stocks with above-average dividends have generally held up relatively well in previous market downturns,” Arnott wrote, pointing to the fourth quarter of 1987, the early 2000s, and the fourth quarter of 2018 as examples.</p><p><blockquote>“阿诺特以 1987 年第四季度、2000 年代初和 2018 年第四季度为例，写道：”股息高于平均水平的股票在以往的市场低迷时期通常表现相对较好。</blockquote></p><p> To supplement Arnott’s observations,<i>Barron’s</i>looked at some of the equity income funds we have written about in recent years. None of these funds have outperformed the S&amp;P 500 over the past 12 months.</p><p><blockquote>为了补充阿诺特的观察，<i>巴伦</i>看看我们近年来写的一些股票收益基金。过去 12 个月，这些基金的表现均未优于标普500。</blockquote></p><p> Nearly all of them, however, have finished in the top half of the Morningstar category when measured by three- and five-year returns—and many have strong performance over even longer periods as well.</p><p><blockquote>然而，以三年和五年回报率衡量，几乎所有这些公司都在晨星类别中名列前茅，而且许多公司在更长的时间内也表现出色。</blockquote></p><p> The T. Rowe Price Dividend Growth Fund (PRDGX), which tries togenerate income and capital appreciation, has a one-year return of 12.3%, ranking second among the funds included in the accompanying table.</p><p><blockquote>T. Rowe Price Dividend Growth Fund (PRDGX) 试图产生收入和资本增值，一年回报率为 12.3%，在附表中包含的基金中排名第二。</blockquote></p><p> As of Dec. 31, the portfolio’s top sector weighting was technology at 22.2%, followed by health care at 16.5%, and financials at 12.8%. Its top two holdings wereMicrosoft(MSFT), which yields 1%, andApple(AAPL), which yields 0.6%. Neither stock has a big yield. But Microsoft has returned about 36% over the past year, dividends included, and Apple has gained about 67%.</p><p><blockquote>截至 12 月 31 日，该投资组合的最大行业权重是科技，为 22.2%，其次是医疗保健，为 16.5%，金融，为 12.8%。其前两大持股分别是收益率为 1% 的微软 (MSFT) 和收益率为 0.6% 的苹果 (AAPL)。这两只股票的收益率都不高。但包括股息在内，微软过去一年的回报率约为 36%，苹果的回报率约为 67%。</blockquote></p><p></p><p> TheColumbia Dividend Income Fund(GSFTX) has a one-year return of 9.2%. A fourth-quarter tailwind forthe fundwas an overweight position in bank stocks such asBank of America(BAC), which yields 2.2%, andJPMorgan Chase(JPM), 2.7%.</p><p><blockquote>哥伦比亚股息收入基金（GSFTX）的一年回报率为9.2%。该基金第四季度的推动力是跑赢大盘持有银行股，例如收益率为 2.2% 的美国银行 (BAC) 和收益率为 2.7% 的摩根大通 (JPM)。</blockquote></p><p> “The segment benefited from the quarter’s rotation into value,” according to the fund managers’ commentary on the company’s website, adding that bank stocks helped as well.</p><p><blockquote>“根据基金经理在公司网站上的评论，该板块受益于本季度的价值轮动，”并补充说，银行股也起到了一定作用。</blockquote></p><p> The&nbsp;JPMorgan Equity Income Fund(OIEIX) had a tougher time of it, with a return of 4.8% over the past 12 months, placing it in the middle of the pack among its peers.</p><p><blockquote>摩根大通股票收益基金 (OIEIX) 的日子更加艰难，过去 12 个月的回报率为 4.8%，在同行中处于中游。</blockquote></p><p> Under longtime lead managerClare Hart, the portfolio has placed in the top half of its Morningstar peer group over the past three and five years and in the top 10% over the past 10 and 15 years. “Underperformance was predominantly a function of what we don’t own rather than what we do,” according to an assessment of the fund’s fourth-quarter performance by Hart and one of her colleagues, Jamie Steinhardt.</p><p><blockquote>在长期牵头经理克莱尔·哈特 (Clare Hart) 的领导下，该投资组合在过去三年和五年中位列晨星同行集团的前半部分，在过去 10 年和 15 年中位列前 10%。“根据哈特和她的一位同事杰米-斯坦哈特（Jamie Steinhardt）对该基金第四季度业绩的评估，表现不佳主要是我们没有什么，而不是我们做了什么。”</blockquote></p><p> The managers also pointed out thatBest Buy(BBY) andHome Depot(HD) “gave back some of their gains [despite] both companies reporting double-digit earnings growth.”</p><p><blockquote>经理们还指出，百思买（BBY）和家得宝（HD） “尽管两家公司的盈利都实现了两位数的增长”。</blockquote></p><p> The fund did benefit from financial holdings such as Bank of America.</p><p><blockquote>该基金确实受益于美国银行等金融控股公司。</blockquote></p><p> Actively managed funds aren’t the only option for investors. There are various ETFs, which typically hew to an index and don’t have a manager actively buying and selling stocks.</p><p><blockquote>主动管理基金并不是投资者的唯一选择。有各种各样的 ETF，它们通常与指数挂钩，没有经理主动买卖股票。</blockquote></p><p> TheVanguard Dividend Appreciation ETF(VIG) has a one-year return of 13%, tops among the funds included in the table, helped by an ultralow expense ratio of 0.06%.</p><p><blockquote>Vanguard Dividend Appreciation ETF (VIG) 的一年回报率为 13%，在表中基金中名列前茅，这得益于 0.06% 的超低费用率。</blockquote></p><p> The fund, which tries to track the Nasdaq US Dividend Achievers Select Index, recently held 212 stocks with a median market capitalization of about $158 billion, giving it a large-cap bent.</p><p><blockquote>该基金试图追踪纳斯达克美国股息实现者精选指数，最近持有 212 只股票，市值中位数约为 1,580 亿美元，具有大盘股倾向。</blockquote></p><p> As of Dec. 31, its biggest sector weighting was consumer discretionary at 22.8%, followed by industrials at 20.8%, and health care at 14.9%. Technology clocked in at 12.5%—showing that a dividend stock fund doesn’t have to have a big tech overweighting to perform well right now.</p><p><blockquote>截至12月31日，其最大的行业权重是非必需消费品，占22.8%，其次是工业，占20.8%，医疗保健，占14.9%。科技股占比为 12.5%，这表明股息股票基金并不一定要有大型科技股增持才能在目前表现良好。</blockquote></p><p> “The bottom line is that every down market is different, and dividend-oriented stocks won’t excel in every one,” Arnott wrote in her note’s conclusion. “Overall, though, they tend to hold up a bit better than average during times of market turbulence and have generated attractive risk-adjusted returns over longer periods.”</p><p><blockquote>“阿诺特在报告的结论中写道：”底线是，每个下跌市场都是不同的，以股息为导向的股票不会在每个下跌市场中都表现出色。“但总体而言，在市场动荡时期，它们的表现往往略好于平均水平，并在较长时间内产生了有吸引力的风险调整后回报。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/6-dividend-funds-for-long-term-investors-51611244802?mod=hp_LEADSUPP_2\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/6-dividend-funds-for-long-term-investors-51611244802?mod=hp_LEADSUPP_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186615938","content_text":"Although dividend stocks lagged behind flashier tech stocks during the pandemic last year, their “long-term investment case remains solid.”\nSo concludes Amy Arnott, a portfolio strategist atMorningstar,in a recent note. A lot of the mutual funds that specialize in these stocks “really suffered from not having as much tech exposure” as other funds did, Arnott tellsBarron’s. These equity income funds, Arnott adds, also took a hit owing to the manydividend cuts and suspensionslast year as companies tried to preserve cash.\nFrom Feb. 19 of last year, when the market peaked at what was then a record high, through March 23, the average stock dividend fund had a return of minus 36.6%, versus minus 33.5% for the S&P 500, according to Morningstar. The MSCI USA High Dividend Yield Index notched a slightly better result, with a gross return of minus 32.6% over that stretch.\nLooking at the full year, theTechnology Select Sector SPDR Fund(ticker: XLK), a proxy for large technology companies, returned 43.6% in 2020, well above theS&P 500’s18.4% result or theS&P 500 Dividend Aristocrats’ 8.7% return.\nBeaten but Not BrokenDespite recent underperformance, the long-term case for dividend funds\n\n\n\nFund or Index / Ticker\n1-Year Return\nDividend Yield\nAUM (bil)\nNet Expense Ratio\n\n\n\n\nColumbia Dividend Income / GSFTX\n9.2%\n1.7%\n$28.9\n0.69%\n\n\nFranklin Equity Income / FISEX\n6.2\n2.2\n2.8\n0.86\n\n\nJPMorgan Equity Income / OIEIX\n4.8\n2.3\n37.5\n0.98\n\n\nT. Rowe Price Dividend Growth / PRDGX\n12.3\n1.1\n18\n0.63\n\n\nVanguard Dividend Growth / VDIGX\n8.5\n1.8\n47.4\n0.27\n\n\nVanguard Dividend Appreciation / VIG\n13.0\n1.9\n53.2\n0.06\n\n\nS&P 500\n16.7\n1.5\nNA\nNA\n\n\n\nNote: Returns as of Jan. 15. NA=Not applicable\nSources: Morningstar; Bloomberg; company reports\nHowever, Arnott argues that dividend stocks have acquitted themselves better during various other challenging periods—performance levels they may well return to in future rough patches. Over the 41 five-year rolling periods from 1976 through 2020, dividend stocks outpaced the broader market in 25 of those spans. But as with so much else during the pandemic, 2020 was an aberration for dividend stocks.\n“They’ve typically fared best during periods of slow economic growth and sluggish market returns, such as the early part of the [2000s] and in the 1980s, when stagflation dragged down market returns,” Arnott observed in her Jan. 11 note.\nIn contrast, dividend stocks trailed the broader market through much of the 1990s when the tech-stock bubble inflated. They “tend to fare worst during more ebullient times, such as 1995-99 and the generally strong period from 2016 through 2020,” she wrote.\nArnott also looked at the trailing 20-year returns and volatility, as measured by standard deviation, for dividend stocks. The MSCI USA High Dividend Yield Index had a 20-year annual return of 7.89%, versus 7.49% for the S&P 500. That dividend index also was less volatile over that period, with a standard deviation of 13.23, nearly two percentage points better than the broader market’s 15.08.\n“Stocks with above-average dividends have generally held up relatively well in previous market downturns,” Arnott wrote, pointing to the fourth quarter of 1987, the early 2000s, and the fourth quarter of 2018 as examples.\nTo supplement Arnott’s observations,Barron’slooked at some of the equity income funds we have written about in recent years. None of these funds have outperformed the S&P 500 over the past 12 months.\nNearly all of them, however, have finished in the top half of the Morningstar category when measured by three- and five-year returns—and many have strong performance over even longer periods as well.\nThe T. Rowe Price Dividend Growth Fund (PRDGX), which tries togenerate income and capital appreciation, has a one-year return of 12.3%, ranking second among the funds included in the accompanying table.\nAs of Dec. 31, the portfolio’s top sector weighting was technology at 22.2%, followed by health care at 16.5%, and financials at 12.8%. Its top two holdings wereMicrosoft(MSFT), which yields 1%, andApple(AAPL), which yields 0.6%. Neither stock has a big yield. But Microsoft has returned about 36% over the past year, dividends included, and Apple has gained about 67%.\nTheColumbia Dividend Income Fund(GSFTX) has a one-year return of 9.2%. A fourth-quarter tailwind forthe fundwas an overweight position in bank stocks such asBank of America(BAC), which yields 2.2%, andJPMorgan Chase(JPM), 2.7%.\n“The segment benefited from the quarter’s rotation into value,” according to the fund managers’ commentary on the company’s website, adding that bank stocks helped as well.\nThe JPMorgan Equity Income Fund(OIEIX) had a tougher time of it, with a return of 4.8% over the past 12 months, placing it in the middle of the pack among its peers.\nUnder longtime lead managerClare Hart, the portfolio has placed in the top half of its Morningstar peer group over the past three and five years and in the top 10% over the past 10 and 15 years. “Underperformance was predominantly a function of what we don’t own rather than what we do,” according to an assessment of the fund’s fourth-quarter performance by Hart and one of her colleagues, Jamie Steinhardt.\nThe managers also pointed out thatBest Buy(BBY) andHome Depot(HD) “gave back some of their gains [despite] both companies reporting double-digit earnings growth.”\nThe fund did benefit from financial holdings such as Bank of America.\nActively managed funds aren’t the only option for investors. There are various ETFs, which typically hew to an index and don’t have a manager actively buying and selling stocks.\nTheVanguard Dividend Appreciation ETF(VIG) has a one-year return of 13%, tops among the funds included in the table, helped by an ultralow expense ratio of 0.06%.\nThe fund, which tries to track the Nasdaq US Dividend Achievers Select Index, recently held 212 stocks with a median market capitalization of about $158 billion, giving it a large-cap bent.\nAs of Dec. 31, its biggest sector weighting was consumer discretionary at 22.8%, followed by industrials at 20.8%, and health care at 14.9%. Technology clocked in at 12.5%—showing that a dividend stock fund doesn’t have to have a big tech overweighting to perform well right now.\n“The bottom line is that every down market is different, and dividend-oriented stocks won’t excel in every one,” Arnott wrote in her note’s conclusion. “Overall, though, they tend to hold up a bit better than average during times of market turbulence and have generated attractive risk-adjusted returns over longer periods.”","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1160,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":319912892,"gmtCreate":1611470604316,"gmtModify":1703750547718,"author":{"id":"3570617809207113","authorId":"3570617809207113","name":"Donn","avatar":"https://static.tigerbbs.com/ba1b57c564d3f11854c26a2bf9847d97","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570617809207113","idStr":"3570617809207113"},"themes":[],"title":"","htmlText":"Waiting for the dip?","listText":"Waiting for the dip?","text":"Waiting for the dip?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/319912892","repostId":"2105593894","repostType":4,"isVote":1,"tweetType":1,"viewCount":1054,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":310786786,"gmtCreate":1611373439645,"gmtModify":1703750278496,"author":{"id":"3570617809207113","authorId":"3570617809207113","name":"Donn","avatar":"https://static.tigerbbs.com/ba1b57c564d3f11854c26a2bf9847d97","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570617809207113","idStr":"3570617809207113"},"themes":[],"title":"","htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/310786786","repostId":"2105466589","repostType":4,"isVote":1,"tweetType":1,"viewCount":1077,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":134603725,"gmtCreate":1622218490967,"gmtModify":1631887051295,"author":{"id":"3570617809207113","authorId":"3570617809207113","name":"Donn","avatar":"https://static.tigerbbs.com/ba1b57c564d3f11854c26a2bf9847d97","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570617809207113","idStr":"3570617809207113"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/MCOA\">$MARIJUANA CO OF AMER INC(MCOA)$</a>Any idea why can’t I buy MCOA shares? I tried buying and they said I can only close..","listText":"<a href=\"https://laohu8.com/S/MCOA\">$MARIJUANA CO OF AMER INC(MCOA)$</a>Any idea why can’t I buy MCOA shares? I tried buying and they said I can only close..","text":"$MARIJUANA CO OF AMER INC(MCOA)$Any idea why can’t I buy MCOA shares? I tried buying and they said I can only close..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/134603725","isVote":1,"tweetType":1,"viewCount":4122,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":315698849,"gmtCreate":1612239133981,"gmtModify":1703759165272,"author":{"id":"3570617809207113","authorId":"3570617809207113","name":"Donn","avatar":"https://static.tigerbbs.com/ba1b57c564d3f11854c26a2bf9847d97","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570617809207113","idStr":"3570617809207113"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/315698849","repostId":"1155510692","repostType":4,"isVote":1,"tweetType":1,"viewCount":2510,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312649831,"gmtCreate":1612144990223,"gmtModify":1703757908601,"author":{"id":"3570617809207113","authorId":"3570617809207113","name":"Donn","avatar":"https://static.tigerbbs.com/ba1b57c564d3f11854c26a2bf9847d97","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570617809207113","idStr":"3570617809207113"},"themes":[],"title":"","htmlText":"Let’s go!!","listText":"Let’s go!!","text":"Let’s go!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/312649831","repostId":"1195425718","repostType":4,"isVote":1,"tweetType":1,"viewCount":4030,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312041459,"gmtCreate":1611979739871,"gmtModify":1703757263830,"author":{"id":"3570617809207113","authorId":"3570617809207113","name":"Donn","avatar":"https://static.tigerbbs.com/ba1b57c564d3f11854c26a2bf9847d97","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570617809207113","idStr":"3570617809207113"},"themes":[],"title":"","htmlText":"Crooks","listText":"Crooks","text":"Crooks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/312041459","repostId":"1137182252","repostType":4,"isVote":1,"tweetType":1,"viewCount":2408,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":318423488,"gmtCreate":1611885464544,"gmtModify":1703755634032,"author":{"id":"3570617809207113","authorId":"3570617809207113","name":"Donn","avatar":"https://static.tigerbbs.com/ba1b57c564d3f11854c26a2bf9847d97","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570617809207113","idStr":"3570617809207113"},"themes":[],"title":"","htmlText":"Time to buy?","listText":"Time to buy?","text":"Time to buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/318423488","repostId":"1181346723","repostType":4,"repost":{"id":"1181346723","kind":"news","pubTimestamp":1611820093,"share":"https://www.laohunote.com/m/news/1181346723?lang=zh_CN&edition=full","pubTime":"2021-01-28 15:48","market":"sg","language":"en","title":"Apple Smashes Q1 Earnings Forecast on Surging China Sales<blockquote>苹果因中国销量激增而打破第一季度盈利预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1181346723","media":"The street","summary":"Apple saw a 57% surge in China sales over the December quarter, helping drive a record top line and much stronger-than-expected first quarter earnings.Apple Inc.  -Get Report posted stronger-than-expected first quarter earnings Wednesday, and its first print of revenues over $100 million, thanks in part to surging China sales and demand for its new iPhone 12.Greater China revenues surged 57% to $21.3 billion, Apple said, helping iPhone revenues rise 17% to an all-time high of $65.5 billion, than","content":"<p>Apple saw a 57% surge in China sales over the December quarter, helping drive a record top line and much stronger-than-expected first quarter earnings.</p><p><blockquote>苹果 12 月份季度在华销售额激增 57%，帮助推动创纪录的营收和远超预期的第一季度盈利。</blockquote></p><p>Apple Inc.&nbsp;(<b>AAPL</b>) -Get Report&nbsp;posted stronger-than-expected first quarter earnings Wednesday, and its first print of revenues over $100 million, thanks in part to surging China sales and demand for its new iPhone 12.</p><p><blockquote>苹果公司（<b>苹果</b>) -Get Report 周三公布的第一季度收益强于预期，收入首次超过 1 亿美元，部分原因是中国销量激增以及对新款 iPhone 12 的需求。</blockquote></p><p>Apple said profits for the three months ending in December, the tech giant's fiscal first quarter, were pegged at $1.68 per share, up 34.4% from the same period last year and well ahead of the Street consensus forecast of $1.41. Group revenues, Apple said, rose 21% from last year to a record $111.44 billion, again topping analysts' estimates of a $103.3 billion tally.</p><p><blockquote>苹果表示，这家科技巨头截至 12 月第一财季的三个月利润为每股 1.68 美元，比去年同期增长 34.4%，远高于华尔街普遍预测的 1.41 美元。苹果表示，集团收入较去年增长 21%，达到创纪录的 1114.4 亿美元，再次超过分析师预期的 1033 亿美元。</blockquote></p><p>Greater China revenues surged 57% to $21.3 billion, Apple said, helping iPhone revenues rise 17% to an all-time high of $65.5 billion, thanks in part to the launch of its new iPhone 12 suite of smartphones late last year amid COVID-related disruptions to its global brick-and-mortar network of stores. Services revenue rose 24.2% to $15.8 billion, Apple said, with more than 620 million subscribers across all of its platforms.</p><p><blockquote>苹果表示，大中华区收入激增 57%，达到 213 亿美元，帮助 iPhone 收入增长 17%，达到 655 亿美元的历史新高，部分原因是去年年底推出了新款 iPhone 12 智能手机套件。新冠疫情对其全球实体店网络造成了干扰。苹果表示，服务收入增长 24.2%，达到 158 亿美元，其所有平台的订阅用户超过 6.2 亿。</blockquote></p><p>Looking into the three months ending in March, Apple said its sees revenue growing on an year-on-year basis, but declined to provide detailed guidance for either sales or bottom line earnings. Gross margins, Apple said, will likely be flat on a quarter-to-quarter basis.</p><p><blockquote>展望截至 3 月份的三个月，苹果表示，预计收入将同比增长，但拒绝提供销售或利润的详细指导。苹果表示，毛利率可能会环比持平。</blockquote></p><p>“This quarter for Apple wouldn’t have been possible without the tireless and innovative work of every Apple team member worldwide,” said CEO Tim Cook. “We’re gratified by the enthusiastic customer response to the unmatched line of cutting-edge products that we delivered across a historic holiday season.\"</p><p><blockquote>“首席执行官蒂姆-库克（Tim Cook）说：”如果没有苹果全球每一位团队成员的不懈努力和创新工作，苹果的这个季度是不可能实现的。“我们对客户对我们在历史性的节日期间提供的无与伦比的尖端产品的热情反应感到满意”。</blockquote></p><p>Apple shares were marked 2% lower in after hours trading immediately following the earnings release to indicate a Thursday opening bell price of $139.30 each, a move that would trim the stock's six-month gain to around 49%.</p><p><blockquote>财报发布后，苹果股价在盘后交易中下跌 2%，周四开盘价为每股 139.30 美元，此举将使该股六个月的涨幅缩减至 49% 左右。</blockquote></p><p>Mac sales, Apple said, rose 21.2% to $8.68 billion, while sales from its wearables, home and accessories division jumped 30% to $13 billion, \"driven by holiday demand for the latest Apple watch,\" Cook said. iPad sales were up an astonishing 41% to $8.44 billion.</p><p><blockquote>苹果表示，Mac 销售额增长 21.2%，达到 86.8 亿美元，而其可穿戴设备、家居和配件部门的销售额增长 30%，达到 130 亿美元，“受到节日对最新苹果手表的需求的推动，”库克说。iPad销售额惊人地增长了41%，达到84.4亿美元。</blockquote></p><p>“Our December quarter business performance was fueled by double-digit growth in each product category, which drove all-time revenue records in each of our geographic segments and an all-time high for our installed base of active devices,” said CFO Luca Maestri. “These results helped us generate record operating cash flow of $38.8 billion. We also returned over $30 billion to shareholders during the quarter as we maintain our target of reaching a net cash neutral position over time.</p><p><blockquote>“首席财务官卢卡-马埃斯特里（Luca Maestri）说：”我们 12 月份季度的业务业绩得益于每个产品类别的两位数增长，这推动了我们每个地区的收入创下历史新高，有源设备的安装量也创下历史新高。“这些业绩帮助我们创造了创纪录的 388 亿美元运营现金流。我们还在本季度向股东返还了 300 多亿美元，因为我们保持了随着时间的推移实现净现金中性头寸的目标。</blockquote></p><p>Cook said the gains helped lift its total installed base of devices past 1.65 billion, with more than 1 billion iPhones active and outstanding and records in each of its project categories.</p><p><blockquote>库克表示，这些收益帮助其设备总安装量超过 16.5 亿部，其中超过 10 亿部 iPhone 处于活跃状态，每个项目类别都有记录。</blockquote></p><p></p>","source":"lsy1610613172068","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Smashes Q1 Earnings Forecast on Surging China Sales<blockquote>苹果因中国销量激增而打破第一季度盈利预期</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Smashes Q1 Earnings Forecast on Surging China Sales<blockquote>苹果因中国销量激增而打破第一季度盈利预期</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The street</strong><span class=\"h-time small\">2021-01-28 15:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Apple saw a 57% surge in China sales over the December quarter, helping drive a record top line and much stronger-than-expected first quarter earnings.</p><p><blockquote>苹果 12 月份季度在华销售额激增 57%，帮助推动创纪录的营收和远超预期的第一季度盈利。</blockquote></p><p>Apple Inc.&nbsp;(<b>AAPL</b>) -Get Report&nbsp;posted stronger-than-expected first quarter earnings Wednesday, and its first print of revenues over $100 million, thanks in part to surging China sales and demand for its new iPhone 12.</p><p><blockquote>苹果公司（<b>苹果</b>) -Get Report 周三公布的第一季度收益强于预期，收入首次超过 1 亿美元，部分原因是中国销量激增以及对新款 iPhone 12 的需求。</blockquote></p><p>Apple said profits for the three months ending in December, the tech giant's fiscal first quarter, were pegged at $1.68 per share, up 34.4% from the same period last year and well ahead of the Street consensus forecast of $1.41. Group revenues, Apple said, rose 21% from last year to a record $111.44 billion, again topping analysts' estimates of a $103.3 billion tally.</p><p><blockquote>苹果表示，这家科技巨头截至 12 月第一财季的三个月利润为每股 1.68 美元，比去年同期增长 34.4%，远高于华尔街普遍预测的 1.41 美元。苹果表示，集团收入较去年增长 21%，达到创纪录的 1114.4 亿美元，再次超过分析师预期的 1033 亿美元。</blockquote></p><p>Greater China revenues surged 57% to $21.3 billion, Apple said, helping iPhone revenues rise 17% to an all-time high of $65.5 billion, thanks in part to the launch of its new iPhone 12 suite of smartphones late last year amid COVID-related disruptions to its global brick-and-mortar network of stores. Services revenue rose 24.2% to $15.8 billion, Apple said, with more than 620 million subscribers across all of its platforms.</p><p><blockquote>苹果表示，大中华区收入激增 57%，达到 213 亿美元，帮助 iPhone 收入增长 17%，达到 655 亿美元的历史新高，部分原因是去年年底推出了新款 iPhone 12 智能手机套件。新冠疫情对其全球实体店网络造成了干扰。苹果表示，服务收入增长 24.2%，达到 158 亿美元，其所有平台的订阅用户超过 6.2 亿。</blockquote></p><p>Looking into the three months ending in March, Apple said its sees revenue growing on an year-on-year basis, but declined to provide detailed guidance for either sales or bottom line earnings. Gross margins, Apple said, will likely be flat on a quarter-to-quarter basis.</p><p><blockquote>展望截至 3 月份的三个月，苹果表示，预计收入将同比增长，但拒绝提供销售或利润的详细指导。苹果表示，毛利率可能会环比持平。</blockquote></p><p>“This quarter for Apple wouldn’t have been possible without the tireless and innovative work of every Apple team member worldwide,” said CEO Tim Cook. “We’re gratified by the enthusiastic customer response to the unmatched line of cutting-edge products that we delivered across a historic holiday season.\"</p><p><blockquote>“首席执行官蒂姆-库克（Tim Cook）说：”如果没有苹果全球每一位团队成员的不懈努力和创新工作，苹果的这个季度是不可能实现的。“我们对客户对我们在历史性的节日期间提供的无与伦比的尖端产品的热情反应感到满意”。</blockquote></p><p>Apple shares were marked 2% lower in after hours trading immediately following the earnings release to indicate a Thursday opening bell price of $139.30 each, a move that would trim the stock's six-month gain to around 49%.</p><p><blockquote>财报发布后，苹果股价在盘后交易中下跌 2%，周四开盘价为每股 139.30 美元，此举将使该股六个月的涨幅缩减至 49% 左右。</blockquote></p><p>Mac sales, Apple said, rose 21.2% to $8.68 billion, while sales from its wearables, home and accessories division jumped 30% to $13 billion, \"driven by holiday demand for the latest Apple watch,\" Cook said. iPad sales were up an astonishing 41% to $8.44 billion.</p><p><blockquote>苹果表示，Mac 销售额增长 21.2%，达到 86.8 亿美元，而其可穿戴设备、家居和配件部门的销售额增长 30%，达到 130 亿美元，“受到节日对最新苹果手表的需求的推动，”库克说。iPad销售额惊人地增长了41%，达到84.4亿美元。</blockquote></p><p>“Our December quarter business performance was fueled by double-digit growth in each product category, which drove all-time revenue records in each of our geographic segments and an all-time high for our installed base of active devices,” said CFO Luca Maestri. “These results helped us generate record operating cash flow of $38.8 billion. We also returned over $30 billion to shareholders during the quarter as we maintain our target of reaching a net cash neutral position over time.</p><p><blockquote>“首席财务官卢卡-马埃斯特里（Luca Maestri）说：”我们 12 月份季度的业务业绩得益于每个产品类别的两位数增长，这推动了我们每个地区的收入创下历史新高，有源设备的安装量也创下历史新高。“这些业绩帮助我们创造了创纪录的 388 亿美元运营现金流。我们还在本季度向股东返还了 300 多亿美元，因为我们保持了随着时间的推移实现净现金中性头寸的目标。</blockquote></p><p>Cook said the gains helped lift its total installed base of devices past 1.65 billion, with more than 1 billion iPhones active and outstanding and records in each of its project categories.</p><p><blockquote>库克表示，这些收益帮助其设备总安装量超过 16.5 亿部，其中超过 10 亿部 iPhone 处于活跃状态，每个项目类别都有记录。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/apple-smashes-q1-earnings-forecast-on-surging-china-sales\">The street</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.thestreet.com/investing/apple-smashes-q1-earnings-forecast-on-surging-china-sales","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181346723","content_text":"Apple saw a 57% surge in China sales over the December quarter, helping drive a record top line and much stronger-than-expected first quarter earnings.Apple Inc. (AAPL) -Get Report posted stronger-than-expected first quarter earnings Wednesday, and its first print of revenues over $100 million, thanks in part to surging China sales and demand for its new iPhone 12.Apple said profits for the three months ending in December, the tech giant's fiscal first quarter, were pegged at $1.68 per share, up 34.4% from the same period last year and well ahead of the Street consensus forecast of $1.41. Group revenues, Apple said, rose 21% from last year to a record $111.44 billion, again topping analysts' estimates of a $103.3 billion tally.Greater China revenues surged 57% to $21.3 billion, Apple said, helping iPhone revenues rise 17% to an all-time high of $65.5 billion, thanks in part to the launch of its new iPhone 12 suite of smartphones late last year amid COVID-related disruptions to its global brick-and-mortar network of stores. Services revenue rose 24.2% to $15.8 billion, Apple said, with more than 620 million subscribers across all of its platforms.Looking into the three months ending in March, Apple said its sees revenue growing on an year-on-year basis, but declined to provide detailed guidance for either sales or bottom line earnings. Gross margins, Apple said, will likely be flat on a quarter-to-quarter basis.“This quarter for Apple wouldn’t have been possible without the tireless and innovative work of every Apple team member worldwide,” said CEO Tim Cook. “We’re gratified by the enthusiastic customer response to the unmatched line of cutting-edge products that we delivered across a historic holiday season.\"Apple shares were marked 2% lower in after hours trading immediately following the earnings release to indicate a Thursday opening bell price of $139.30 each, a move that would trim the stock's six-month gain to around 49%.Mac sales, Apple said, rose 21.2% to $8.68 billion, while sales from its wearables, home and accessories division jumped 30% to $13 billion, \"driven by holiday demand for the latest Apple watch,\" Cook said. iPad sales were up an astonishing 41% to $8.44 billion.“Our December quarter business performance was fueled by double-digit growth in each product category, which drove all-time revenue records in each of our geographic segments and an all-time high for our installed base of active devices,” said CFO Luca Maestri. “These results helped us generate record operating cash flow of $38.8 billion. We also returned over $30 billion to shareholders during the quarter as we maintain our target of reaching a net cash neutral position over time.Cook said the gains helped lift its total installed base of devices past 1.65 billion, with more than 1 billion iPhones active and outstanding and records in each of its project categories.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":3439,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":311259220,"gmtCreate":1611803034260,"gmtModify":1703754047298,"author":{"id":"3570617809207113","authorId":"3570617809207113","name":"Donn","avatar":"https://static.tigerbbs.com/ba1b57c564d3f11854c26a2bf9847d97","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570617809207113","idStr":"3570617809207113"},"themes":[],"title":"","htmlText":"High risk. Must be strong to hold haha","listText":"High risk. Must be strong to hold haha","text":"High risk. Must be strong to hold haha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/311259220","repostId":"2106258590","repostType":4,"isVote":1,"tweetType":1,"viewCount":2541,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}